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BRIGADE LEVERAGED CAPITAL v. GARCIA-PADILLA

Civil No. 16-1610 (FAB), Civil No. 16-2101 (FAB), Civil No. 16-2257 (FAB), Civil No. 16-2510 (FAB).

217 F.Supp.3d 508 (2016)

BRIGADE LEVERAGED CAPITAL STRUCTURES FUND LTD., et al., Plaintiffs, v. Alejandro GARCIA-PADILLA, et als., Defendants. National Public Finance Guarantee Corporation, Plaintiff, v. Alejandro Garcia-Padilla, et al., Defendants. Dionisio Trigo-Gonzalez, et al., Plaintiffs, v. Alejandro Garcia-Padilla, et al., Defendants. U.S. Bank Trust National Association, Plaintiff, v. The Commonwealth of Puerto Rico, et al., Defendants.

United States District Court, D. Puerto Rico.

Signed November 15, 2016.

Editors Note
Applicable Law: 28 U.S.C. § 1332
Cause: 28 U.S.C. § 1332 Diversity - Injunctive & Declaratory Relief
Nature of Suit: 380 Personal Property: Other
Source: PACER

Attorney(s) appearing for the Case

Benjamin S. Kaminetzky , Brian M. Resnick , David Toscano , Donald S. Bernstein , Mara Theophila , Marc J. Tobak , Michael S. Flynn Davis Polk & Wardwell LLP, Brett G. Canna , K. Ann McDonald , Jayne S. Robinson , Robinson McDonald & Canna LLP, New York, NY, Harold D. Vicente-Colon , Harold D. Vicente-Gonzalez , Vicente & Cuebas, Alexandra C. Casellas-Cabrera , Adsuar Muniz Goyco Seda & Perez-Ochoa, PSC, San Juan, PR, for Plaintiffs.

Carmine D. Boccuzzi, Jr. , Howard S. Zelbo , Hugh K. Murtagh , Richard Freeman , Clearly Gottlieb Steen & Hamilton LLP, New York, NY, Michael F. Williams , Peter A. Farrell , Kirkland & Ellis LLP, Washington, DC, Jose L. Ramirez-Coll , Salvador Antonetti-Zequeira , Antonetti Montalvo & Ramirez-Coll, San Juan, PR, Giselle Lopez-Soler , Guaynabo, PR, for Defendants.

OPINION AND ORDER

Before the Court are the parties' arguments as to whether there is sufficient "cause" to grant plaintiffs relief from the automatic stay imposed by section 405(b) of the Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA"), Pub. L. No. 114-187, 130 Stat. 549 (2016). For the...

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