1st Circ. Opens Path For PREPA Bondholders' Receiver Bid

By Dave Simpson (August 8, 2018, 11:01 PM EDT) -- The First Circuit on Wednesday reversed a ruling by the judge presiding over Puerto Rico's restructuring proceedings, finding she is not precluded from lifting automatic stay protections for the island's bankrupt electric utility so that bondholders can pursue legal action to appoint a receiver....

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