IN RE FINANCIAL OVERSIGHT & MANAGEMENT BD. FOR PR

No. 17 BK 3283-LTS (Jointly Administered). Adv. Proc. No. 17-159-LTS in Case No. 17 BK 3283-LTS.

297 F.Supp.3d 269 (2018)

IN RE: The FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of the Commonwealth of Puerto Rico, et al., Debtors. Ambac Assurance Corporation, Plaintiff, v. Commonwealth of Puerto Rico, Financial Oversight and Management Board for Puerto Rico, Puerto Rico Fiscal Agency and Financial Advisory Authority, Puerto Rico Highways and Transportation Authority, Hon. Ricardo Rosselló Nevares, Raúl Maldonado Gautier, José Iván Marrero Rosado, Gerardo José Portela Franco, José R. Carrión III, Andrew G. Biggs, Carlos M. García, Arthur J. Gonzalez, Jose R. González, Ana J. Matosantos, David A. Skeel, Jr., Christian Sobrino, and John Does 1-12, Defendants.

United States District Court, D. Puerto Rico.

Signed February 27, 2018.


Attorney(s) appearing for the Case

FERRAIUOLI LLC, By: Roberto A. Cámara-Fuertes , USDC P.R. No. 219002, 221 Ponce de León Avenue 5th Floor, San Juan, PR 00917, MILBANK, TWEED, HADLEY & McCLOY LLP, By: Dennis F. Dunne , Andrew M. Leblanc , Atara Miller , Grant R. Mainland , 28 Liberty Street, New York, NY 10005, Attorneys for Ambac Assurance Corporation.

O'NEILL & BORGES LLC, By: Hermann D. Bauer , Ubaldo M. Fernández , 250 Muñoz Rivera Avenue, Suite 800, San Juan, PR 00918-1813, PROSKAUER ROSE LLP, By: Martin J. Bienenstock , Stephen L. Ratner , Bradley R. Bobroff , Eleven Times Square, New York, NY 10036, and Timothy W. Mungovan , One International Place, Boston, Massachusetts 02110, and Michael A. Firestein , Lary A. Rappaport , 2049 Century Park East, Suite 3200, Los Angeles, CA 90067-3206, Attorneys for The Financial Oversight and Management Board for Puerto Rico, as representative of The Commonwealth of Puerto Rico and the Puerto Rico Highways & Transportation Authority.

THE LAW OFFICES OF ANDRES W. LÓPEZ, P.S.C., By: Andrés W. López , 902 Fernández Juncos Avenue, San Juan, PR 00907, O'MELVENY & MYERS LLP, By: John J. Rapisardi , Suzzanne Uhland , Peter Friedman , 7 Times Square, New York, NY 10036, and Elizabeth L. McKeen , 610 Newport Center Drive, 17th Floor, Newport Beach, CA 92660, Attorneys for the Puerto Rico Fiscal Agency and Financial Advisory Authority and the Hon. Geraldo Portelo Franco.

WANDA VÁZQUEZ GARCED , Secretary of Justice of Puerto Rico, By: Wandymar Burgos Vargas , Deputy Secretary in Litigation, Department of Justice, P.O. Box 9020192, San Juan, PR 00902-0192, Attorney for Hon. Ricardo Antonio Rosselló Nevares, Hon. Raúl Maldonado Gautier, Christian Sobrino, and Hon. José Ivan Marrero Rosado.

CASILLAS, SANTIAGO & TORRES LLC, By: Juan J. Casillas Ayala, Esq. , Diana M. Batlle-Barasorda, Esq. , Ericka C. Montull-Novoa, Esq. , El Caribe Office Building, 53 Palmeras Street, Ste. 1601, San Juan, Puerto Rico 00901-2419, PAUL HASTINGS LLP, By: Luc. A. Despins, Esq. , James R. Bliss, Esq. , James B. Worthington, Esq. , G. Alexander Bongartz, Esq. , 200 Park Avenue, New York, New York 10166, Attorneys for the Official Committee of Unsecured Creditors.


PROMESA

Title III

OPINION AND ORDER GRANTING THE MOTION TO DISMISS PLAINTIFF'S AMENDED COMPLAINT PURSUANT TO FED. R. CIV. P. 12 (B)(1) AND (B)(6)

Before the Court is Defendants' Motion to Dismiss Plaintiff's Amended Complaint Pursuant to Fed. R. Civ. P...

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