IN RE: The FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of Puerto Rico Electric Power Authority (PREPA), Debtor.
The Financial Oversight and Management Board for Puerto Rico, as representative of Puerto Rico Electric Power Authority (PREPA), Debtor, Appellee,
Financial Oversight and Management Board for Puerto Rico; Puerto Rico Fiscal Agency and Financial Advisory Authority, Objectors, Appellees,
v.
Ad Hoc Group of PREPA Bondholders; Assured Guaranty Corporation; Assured Guaranty Municipal Corporation; National Public Finance Guarantee Corporation; Syncora Guarantee, Inc., Movants, Appellants.
United States Court of Appeals, First Circuit.https://leagle.com/images/logo.png
Before Howard, Chief Judge, Kayatta, Circuit Judge, and Torresen, Chief U.S. District Judge.
KAYATTA, Circuit Judge.
We consider again the application of PROMESA,1 a statute Congress enacted to address Puerto Rico's financial crisis. In this instance, holders of revenue bonds issued by the Puerto Rico Electric Power Authority, known as PREPA, sought relief from a stay of actions against PREPA to petition another...
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