United States First Circuit

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Peaje Investments LLC v. Financial Oversight and Management Board for Puerto Rico, 17-2165

Held that a Puerto Rico Highways and Transportation Authority bondholder did not hold a statutory lien on certain toll revenues. The bondholder contended that, in response to Puerto Rico's financial crisis, the Puerto Rican government was diverting toll revenues to which the bondholder was entitled under a lien and using them for purposes other than paying the bonds. However, the First Circuit concluded that the bondholder held no statutory lien on the toll revenues.

Appellate Information

  • Decided
  • Published 2018/08/08


  • Kayatta


  • United States First Circuit