United States First Circuit

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Peaje Investments LLC v. Garcia-Padilla, 16-2377

In consolidated appeals involving the application of certain provisions of the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), 48 U.S.C. sections 2101-2241, a statute enacted by Congress in June 2016 to address Puerto Rico's financial crisis, the district court's judgment is: 1) affirmed as to denial of Peaje Investments LLC's lift-stay motion where plaintiff failed to set forth a legally sufficient claim of 'cause' to lift the PROMESA stay; and 2) vacated as to denial of other plaintiffs' lift-stay motion where they presented sufficient allegations to entitle them to a hearing.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2017/01/12

Judges

  • HOWARD

Court

  • United States First Circuit

Counsel


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