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Mealeys

MLex

COMMONWEALTH OF PUERTO RICO

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Case Number:

3:17-bk-03283

Court:

Puerto Rico

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. May 04, 2026

    Proskauer's Puerto Rico Restructuring Bill Hits $179M

    Proskauer Rose LLP submitted its final fee application Friday for its years of work on behalf of the Financial Oversight and Management Board as the representative for the Commonwealth of Puerto Rico in its restructuring case, seeking approval of an aggregate amount of fees and expenses that runs to $179.6 million.

  2. April 23, 2026

    Under The Radar: Bankruptcy News You May Have Missed

    Insurer MBIA Inc. asked a Connecticut federal judge to end a lawsuit tied to Puerto Rico's bankruptcy, the U.S. Trustee's Office opposed Inspired Healthcare's bid for mediation, and a New York federal judge nixed a New Mexico building owner's appeal of a decision in favor of a creditor's plan disclosure.

  3. July 22, 2025

    Judge Rejects Bondholder Claim Against Puerto Rico

    A New York federal judge found Tuesday the terms of Puerto Rico's debt restructuring plan bars holders of bonds issued by the island's public electric utility from lodging a claim against its government.

  4. July 08, 2025

    Puerto Rico Bond Suit Doesn't Belong In Conn., Insurers Say

    The insurers of billions in bonds issued by the Puerto Rico Sales Tax Financing Corp. say a Connecticut federal judge can't hear a proposed class action accusing them of failing to pay bondholders the full value of their investments after a 2016 bankruptcy default.

  5. September 19, 2024

    Puerto Rico Utility's $188M Deal With Contractor Gets OK

    A New York federal judge has approved a roughly $188 million settlement between Puerto Rico's bankrupt public electricity provider and a company whose multi-million-dollar contract to repair hurricane-damaged power lines on the island had been under legal scrutiny.

  6. January 04, 2024

    Puerto Rico Utility Wants To Drop Union Contracts, Pension

    The board overseeing Puerto Rico Electric Power Authority's reorganization is urging a federal judge to allow the utility to ditch its collective bargaining agreements with workers as well as pension obligations, saying the company has no way of making up the purported $1 billion payment shortfall in the current retirement plan.

  7. October 12, 2022

    State & City Roundup: Wage And Hour News To Watch

    From pay ranges in job ads to overtime for farmworkers, legal requirements at the state and city level address a variety of wage and hour topics. Here, Law360 looks at employment law developments for attorneys to watch.

  8. July 21, 2022

    Crypto Dominos Keep Falling, J&J Wants Talc Injunction

    Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.

  9. July 19, 2022

    1st Circ. Affirms Takings Ruling In Puerto Rico Bankruptcy

    The First Circuit has affirmed the confirmation of Puerto Rico's bankruptcy plan, saying the judge who issued the order was right to require the commonwealth to provide just compensation for eminent domain claims to comply with the Fifth Amendment's takings clause.

  10. March 21, 2022

    Judge OKs $130M Deal On Whitefish Puerto Rico Contract

    A federal judge Monday approved a $130 million deal to settle claims against Puerto Rico's bankrupt electric utility by a company that briefly held a controversial contract to repair the island's hurricane-damaged electric grid.