IN RE FINANCIAL OVERSIGHT & MANAGEMENT BD. FOR PR

Case No. 17 BK 3283-LTS (Jointly Administered), Case No. 17 BK 3566-LTS Adv. Proc. No. 17-213-LTS.

385 F.Supp.3d 138 (2019)

IN RE: The FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as Representative of the Commonwealth of Puerto Rico, et al., Debtors. The Financial Oversight and Management Board for Puerto Rico, as Representative of the Employees Retirement System of the Government of the Commonwealth of Puerto Rico, Debtors. The Financial Oversight and Management Board for Puerto Rico, as Representative of the Employees Retirement System of the Government of the Commonwealth of Puerto Rico, Plaintiff, v. Andalusian Global Designated Activity Company, et al., Defendants-Counterclaimants.

United States District Court, D. Puerto Rico.

Signed June 27, 2019.


Attorney(s) appearing for the Case

PROSKAUER ROSE LLP, By: Steven O. Weise , Martin J. Bienenstock , Timothy W. Mungovan , Kevin J. Perra , Paul V. Possinger , Eleven Times Square, New York, NY 10036, LUIS F. DEL VALLE-EMMANUELLI, By: Luis F. del Valle-Emmanuelli , USDC-PR No. 209514, P.O. Box 79897, Carolina, Puerto Rico 00984-9897, Counsel for Plaintiff the Financial Oversight and Management Board for Puerto Rico, as representative of the Employees Retirement System of the Government of the Commonwealth of Puerto Rico.

JENNER & BLOCK LLP, By: Robert Gordon , Richard Levin , 919 Third Ave, New York, NY 10022-3908, and Catherine Steege , Melissa Root, 353 N. Clark Street, Chicago, IL 60654, BENNAZAR, GARCÍA & MILIÁN, C.S.P., By: A.J. Bennazar-Zequeira , Héctor Mayol Kauffmann , Edificio Union Plaza, PH-A piso 18, Avenida Ponce de León #416, Hato Rey, San Juan, Puerto Rico 00918, Counsel for Intervenor the Official Committee of Retired Employees of Puerto Rico.

DELGADO & FERNÁNDEZ, LLC, By: Alfredo Fernández-Martínez , PO Box 11750, Fernández Juncos Station, San Juan, Puerto Rico 00910-1750, JONES DAY, By: Bruce Bennett , 555 South Flower Street, Fiftieth Floor, Los Angeles, California 90071 and Benjamin Rosenblum , Victoria Dorfman , 250 Vesey Street, New York, NY 10281 and Geoffrey S. Stewart , Beth Heifetz , Christopher J. DiPompeo , 51 Louisiana Ave. N.W., Washington, DC 20001, Counsel for Defendants ERS Bondholders Andalusian Global Designated Activity Company, Glendon Opportunities Fund, L.P., Mason Capital Management, LLC, Oaktree-Forrest Multi-Strategy, LLC (Series B), Oaktree Opportunities Fund IX, L.P., Oaktree Opportunities Fund IX (Parallel 2), L.P., Oaktree Value Opportunities Fund, L.P., Ocher Rose, L.L.C., and SV Credit, L.P.

SÁNCHEZ PIRILLO LLC, By: José C. Sánchez-Castro , Alicia I. Lavergne-Ramírez , Maraliz Vázquez-Marrero , 270 Muñoz Rivera Avenue, Suite 1110, San Juan, PR 00918, WHITE & CASE LLP, By: John K. Cunningham , Glenn M. Kurtz , 1221 Avenue of the Americas, New York, NY 10036 and Jason N. Zakia , Cheryl T. Sloane , 200 S. Biscayne Blvd., Suite 4900, Miami, FL 33131, Counsel for Defendants Puerto Rico AAA Portfolio Bond Fund, Inc., Puerto Rico AAA Portfolio Bond Fund II, Inc., Puerto Rico AAA Portfolio Target Maturity Fund, Inc., Puerto Rico Fixed Income Fund, Inc., Puerto Rico Fixed Income Fund II, Inc., Puerto Rico Fixed Income Fund III, Inc., Puerto Rico Fixed Income Fund IV, Inc., Puerto Rico Fixed Income Fund V, Inc., Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc., Puerto Rico Investors Bond Fund I, Puerto Rico Investors Tax-Free Fund, Inc., Puerto Rico Investors Tax-Free Fund, Inc. II, Puerto Rico Investors Tax-Free Fund III, Inc., Puerto Rico Investors Tax-Free Fund IV, Inc., Puerto Rico Investors Tax-Free Fund V, Inc., Puerto Rico Investors Tax-Free Fund VI, Inc., Puerto Rico Mortgage-Backed & U.S. Government Securities Fund, Inc., Tax-Free Puerto Rico Fund, Inc., Tax-Free Puerto Rico Fund II, Inc., Tax-Free Puerto Rico Target Maturity Fund, Inc., and UBS IRA Select Growth & Income Puerto Rico Fund.


PROMESA

Title III

OPINION AND ORDER GRANTING PLAINTIFF'S MOTION FOR SUMMARY JUDGMENT AS TO COUNT III AND COUNTERCLAIMS II AND III, AND DENYING DEFENDANTS' MOTION FOR SUMMARY JUDGMENT

The Employees Retirement System of the Government of the Commonwealth of...

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