United States First Circuit

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Financial Oversight and Management Board for Puerto Rico v. Ad Hoc Group of PREPA Bondholders , 17-2079

Vacated an order denying a request by Puerto Rico Electric Power Authority (PREPA) bondholders for relief from an automatic stay. The bondholders argued that a statute enacted by Congress to address Puerto Rico's financial crisis did not preclude them from obtaining relief so that they could petition another court to place PREPA into receivership. Agreeing, the First Circuit held that the district court erred in concluding otherwise.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2018/08/08

Judges

  • Kayatta

Court

  • United States First Circuit

Counsel


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