IN RE FIN. OVERSIGHT AND MGMT. BD. FOR PUERTO RICO

Case No. 17-3283-LTS (Jointly Administered).

588 F.Supp.3d 191 (2022)

IN RE: The FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of the Commonwealth of Puerto Rico et al., Debtors.

United States District Court, D. Puerto Rico.

Signed March 3, 2022.


Attorney(s) appearing for the Case

BUFETE EMMANUELLI, C.S.P., By: Jessica E. Méndez-Colberg , Rolando Emmanuelli-Jiménez , P.O. Box 10779, Ponce, Puerto Rico 00732, Counsel for the Federatión de Maestros de Puerto Rico, Inc.; Grupo Magisterial Educadores(as) por la Democracia, Unidad, Cambio, Militancia y Organización Sindical, Inc.; Unión National de Educadores y Trabajadores de la Educación, Inc.

ALMEIDA & DAVILA, By: Enrique M. Almeida , PO Box 191757, San Juan, PR 00919-1757, Attorneys for Credit Unions.

PROSKAUER ROSE LLP, By: Martin J. Bienenstock , Jeffrey W. Levitan , Ehud Barak , Eleven Times Square, New York, NY 10036 and Paul V. Possinger , 70 West Madison, Suite 3800, Chicago, IL 60602 and Timothy W. Mungovan , One International Place, Boston, MA 02110 and Michael A. Firestein , 2029 Century Park East, Suite 2400, Los Angeles, CA 90067, Attorneys for the Financial Oversight and Management Board for Puerto Rico as representative for the Debtors.

A&S LEGAL STUDIO, PSC, By: Luis F. del Valle-Emmanuelli , 434 Avenida Hostos, San Juan, PR 00918, Co-Attorneys for the Financial Oversight and Management Board for Puerto Rico as representative for the Debtors.

LAW OFFICES JOHN E. MUDD, By: John E. Mudd , P. O. BOX 194134, SAN JUAN, P.R. 00919, Counsel for Salud Integral de la Montana, Inc.

ISABEL FULLANA-FRATICELLI & ASSOCS., P.S.C., By: Isabel M. Fullana , Eduardo J. Capdevila , The Hato Rey Center Bldg., 268 Ave. Ponce de León Ste. 1002, San Juan, Puerto Rico 00918, Counsel for Finca Matilde, Inc.

G. CARLO-ALTIERI LAW OFFICES, LLC, By: Gerardo A. Carlo , 254 San Jose St., Third Floor, San Juan, Puerto Rico 00901, MORRISON & FOERSTER LLP, By: James M. Peck , Gary S. Lee , James A. Newton , Lena H. Hughes , Andrew R. Kissner , 250 West 55th Street, New York, New York 10019 and Joseph R. Palmore , 2100 L Street, NW, Suite 900, Washington, D.C. 20037, Counsel for Ad Hoc Group of Constitutional Debtholders.

REICHARD & ESCALERA, By: Rafael Escalera , Sylvia M. Arizmendi , Carlos R. Rivera-Ortiz , 255 Ponce de León Avenue, MCS Plaza, 10th Floor, San Juan, Puerto Rico 00917-1913, QUINN EMANUEL URQUHART & SULLIVAN, LLP, By: Susheel Kirpalani , Daniel Salinas , Eric Kay , Zachary Russell , 51 Madison Avenue, 22nd Floor, New York, New York 10010-1603, Co-Counsel for the Lawful Constitutional Debt Coalition.

WILLKIE FARR & GALLAGHER LLP, By: Mark T. Stancil , 1875 K Street, N.W., Washington, DC 20006, Counsel for the Ad Hoc Group of General Obligation Bondholders.

CORREA-ACEVEDO & ABESADA LAW OFFICES, PSC, By: Sergio Criado , Centro Internacional de Mercadeo, Torre II, # 90 Carr. 165, Suite 407, Guaynabo, P.R. 00968, MORGAN, LEWIS & BOCKIUS LLP, By: Kurt A. Mayr , David L. Lawton , David K. Shim , One State Street, Hartford, CT 06103-3178 and Sabin Willett , One Federal Street, Boston, MA 02110-1726, Co-Counsel for the QTCB Noteholder Group.

CASELLAS ALCOVER & BURGOS P.S.C., By: Heriberto Burgos Pérez , Ricardo F. Casellas-Sánchez , Diana Pérez-Seda , P.O. Box 364924, San Juan, PR 00936-4924, CADWALADER, WICKERSHAM & TAFT LLP, By: Howard R. Hawkins, Jr. , Mark C. Ellenberg , Casey J. Servais , William J. Natbony , Thomas J. Curtin , 200 Liberty Street, New York, New York 10281, Counsel for Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

ADSUAR MUÑIZ GOYCO SEDA & PÉREZ-OCHOA, P.S.C., By: Eric Pérez-Ochoa , Luis A. Oliver-Fraticelli , 208 Ponce de León Avenue, Suite 1600, San Juan, PR 00936, WEIL, GOTSHAL & MANGES LLP, By: Jonathan Polkes , Gregory Silbert , Robert Berezin , Kelly DiBlasi , Gabriel A. Morgan , 767 Fifth Avenue, New York, NY 10153, Attorneys for National Public Finance Guarantee Corp.

REXACH & PICÓ, CSP, By: Maria E. Pico , 802 Ave. Fernández Juncos, San Juan PR 00907-4315, BUTLER SNOW LLP, By: Martin A. Sosland , 2911 Turtle Creek Blvd., Suite 1400, Dallas, TX 75219 and James E. Bailey III , Adam M. Langley , 6075 Poplar Ave., Suite 500, Memphis, TN 38119, Counsel for Financial Guaranty Insurance Company.

FERRAIUOLI LLC, By: Roberto Cámara-Fuertes , Sonia Colón, 221 Ponce de Leon Avenue, 5th Floor, San Juan, PR 00917, MILBANK LLP, By: Dennis F. Dunne , Atara Miller , Grant R. Mainland , John J. Hughes, III , Jonathan Ohring, 55 Hudson Yards, New York, NY 10001, Attorneys for Ambac Assurance Corporation.

MCCONNELL VALDÉS LLC, By: Arturo J. García-Solá , Nayuan Zouairabani , 270 Munoz Rivera Avenue, Suite 7, Hato Rey, Puerto Rico 00918, Attorneys for AmeriNational Community Services, LLC.

CASILLAS, SANTIAGO & TORRES LLC, By: Juan J. Casillas Ayala , Israel Fernández Rodríguez , Juan C. Nieves González , Cristina B. Fernández Niggemann , PO Box 195075, San Juan, Puerto Rico 00919-5075, PAUL HASTINGS LLP, By: Luc A. Despins , Nicholas A. Bassett , G. Alexander Bongartz , 200 Park Avenue, New York, New York 10166, Counsel to the Official Committee of Unsecured Creditors.


PROMESA Title III

OPINION AND ORDER DENYING MOTIONS FOR A STAY PENDING APPEAL FILED BY (I) FEDERACION DE MAESTROS DE PUERTO RICO, INC., GRUPO MAGISTERIAL EDUCADORES(AS) POR LA DEMOCRACIA, UNIDAD, CAMBIO, MILITANCIA Y ORGANIZACION SINDICAL, INC., AND UNION NACIONAL DE EDUCADORES Y TRABAJADORES DE LA EDUCACION INC., AND (II) COOPERATIVA DE AHORRO Y CREDITO ABRAHAM ROSA, COOPERATIVA DE AHORRO Y CREDITO DE CIALES, COOPERATIVA DE AHORRO Y CREDITO DE RINCON...

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