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1st Circ. Hands Win To Puerto Rico In Bond Lien Dispute

Law360 (August 9, 2018, 4:54 PM EDT) -- Hedge fund Peaje Investments' $65 million in bonds issued by Puerto Rico's Highways and Transportation Authority are not secured by a lien on toll revenues, the First Circuit has affirmed in a decision that amounts to a victory for the commonwealth and yet another setback for creditors of its various government agencies.

A unanimous three-judge panel on Wednesday said U.S. District Judge Laura Taylor Swain was within her rights to restrict bond owner Peaje to its main argument that it holds a statutory lien on the...
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Case Information

Case Title

Peaje Investments LLC v. PR Highway and Transportation, et al


Case Number

17-2165

Court

Appellate - 1st Circuit

Nature of Suit

3422 Appeal 28 USC 158

Date Filed

December 8, 2017


Case Title

Peaje Investments LLC v. PR Highway and Transportation, et al


Case Number

17-2166

Court

Appellate - 1st Circuit

Nature of Suit

3422 Appeal 28 USC 158

Date Filed

December 8, 2017


Case Title

Peaje Investments LLC v. PR Highways and Transportation


Case Number

17-2167

Court

Appellate - 1st Circuit

Nature of Suit

3422 Appeal 28 USC 158

Date Filed

December 11, 2017

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