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WAL-MART PUERTO RICO v. JUAN C. ZARAGOZA-GOMEZ

Civil No. 3:15-CV-03018 (JAF).

174 F.Supp.3d 585 (2016)

WAL-MART PUERTO RICO, INC., Plaintiff, v. JUAN C. ZARAGOZA-GOMEZ, in his official capacity as Secretary of the Treasury of the Commonwealth of Puerto Rico, Defendant.

United States District Court, D. Puerto Rico.

Signed March 28, 2016.

Attorney(s) appearing for the Case

Alejandro J. Cepeda-Diaz , Francisco G. Bruno-Rovira , Juan A. Marques-Diaz , Mcconnell Valdes, LLC, San Juan, PR, Joseph PHV S. Grinstein , Neal S. Manne , Virkram Swaruup , Susman Godfrey LLP, Houston, TX, Shawn J. Rabin , Steven M. Shepard , Susman Godfrey LLP, New York, NY, for Plaintiff.

David A. Schumacher , H. Marc Tepper , Robert J. Fitzgerald , Buchanan Ingersoll & Rooney PC, Philadelphia, PA, Gerardo A. De-Jesus-Annoni , Department of Justice, Jose L. Gonzalez-Castaner , Gonzalez Castaner, CSP, Roberto A. Fernandez-Quiles , Gonzalez Castaner & Morales Cordero Law Office, San Juan, PR, John Warner , Susan E. Seabrook , Caroline C. Setliffe , Buchanan Ingersoll & Rooney PC, Washington, DC, for Defendant.

OPINION AND ORDER

The Commonwealth of Puerto Rico ("the Commonwealth" or "Puerto Rico") is insolvent and no longer able to pay its debts as they become due. The Treasury Single Account, which functions as the Commonwealth's main operating account, will reach an almost $1 billion...

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