On the first day of a trial to determine how much these creditors can collect, lawyers for the Board and the ad-hoc PREPA accused each other of “inflating” estimates for their own benefit
On the first day of a trial to determine how much these creditors can collect, lawyers for the Board and the ad-hoc PREPA accused each other of “inflating” estimates for their own benefit
Nearly six years after the Oversight Board invoked Title III of the PROMESA Act for the Puerto Rico Electric Power Authority (PREPA), U.S. District Judge Laura Taylor Swain has set three days this week to resolve what lawyers and consultants - who have collected millions of dollars - have been unable to agree on in countless hours of negotiations and mediation sessions: how much the public corporation really owes its bondholders and the source to pay them.
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