May 17, 2022
Two dozen states objected to proposed bonus payments for the CEO of bankrupt drugmaker Purdue Pharma, the First Circuit declined to rehear an appeal over changes made to Puerto Rican teacher pensions as part of the island's restructuring, and Affordable Care Act penalties are taxes in bankruptcy court. This is the week in bankruptcy.
May 16, 2022
The First Circuit won't rehear a Puerto Rico case that upheld a proposed overhaul to teacher pensions on the island territory, according to a Friday notice.
May 11, 2022
The full First Circuit should re-examine a proposed overhaul to Puerto Rico pensions to avoid broadening the "nefarious" line of cases that leave territorial inhabitants lacking the same rights as their U.S. brethren, a group of teachers' associations argued Tuesday.
April 26, 2022
Alex Jones moved three holding companies into bankruptcy last week to shield his intellectual property from defamation suits, immediately drawing the ire of the Sandy Hook families that sued him for defamation, the Office of the U.S. Trustee and the judge overseeing the cases; the U.S. trustee continued its national crusade against non-consensual third-party releases; and mass tort cases chugged along. This is the week in bankruptcy.
April 26, 2022
The First Circuit on Tuesday upheld an overhaul to teacher pensions in Puerto Rico, finding that Congress gave the commonwealth's restructuring board broad latitude in figuring out the best ways to set the island on a more sound fiscal path.
March 22, 2022
A trio of Puerto Rican teachers associations continued their press to have the First Circuit override changes to educators' pension in the commonwealth's restructuring plan, saying the federal judge who approved the plan let the island's fiscal board overstep its bounds.
March 14, 2022
The First Circuit has rejected a request by teachers associations to delay the implementation of Puerto Rico's debt restructuring plan while they appeal the changes it will make to public school pensions.