Puerto Rico Board Tees Up Fight With Gov't Over Furloughs
Law360, New York (August 4, 2017, 4:51 PM EDT) -- The federally appointed board tasked with right-sizing Puerto Rico's flagging economy said Friday it planned to implement public employee furloughs to meet an $880 million savings benchmark for the 2018 fiscal year, in what amounts to a direct affront to the territory's governing leadership.
The Financial Oversight and Management Board for Puerto Rico, installed last year as part of the federal government’s legislative package to see the U.S. territory through a massive debt crisis, said the commonwealth’s effort to date to meet planned cuts in expenses has come up short. While the government has made some strides by submitting ways to...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!