Puerto Rico Deal Should Nix Pension Suits, 1st Circ. Told
By Brian Dowling ( November 20, 2023, 8:40 PM EST) -- UBS Financial Services told the First Circuit on Monday that public pensioners in Puerto Rico can't press derivative claims that the bank illegally underwrote $3 billion in bonds because the island's restructuring deal transferred the rights to those claims to a committee for the benefit of other creditors....
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