Legal Opinion

Brigade Leveraged Capital Structures Fund Ltd. v. Garcia-Padilla

District Court, D. Puerto Rico

Decided November 15, 2016No. Civil No. 16-1610 (FAB), Civil No. 16-2101 (FAB), Civil No. 16-2257 (FAB), Civil No. 16-2510 (FAB)PublishedCited by 6 opinions

1Opinion of the Court

OPINION AND ORDER

BESOSA, District Judge.

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 reasons discussed below, the Court holds that there is not and therefore MAINTAINS the stay. *512Also before the Court is the Financial Oversight and Management Board for Puerto Rico (the “Oversight Board” or the “Board”)’s motion to intervene in these consolidated…

2Cases cited31 opinions

  1. Marbury v. MadisonSupreme Court of the United States · 1803
  2. Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
  3. Ashwander v. Tennessee Valley AuthoritySupreme Court of the United States · 1936
  4. United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
  5. Lyng v. Northwest Indian Cemetery Protective Assn.Supreme Court of the United States · 1988

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3Cited by6 opinions

  1. Berrios-Correa v. MAPFREDistrict Court, D. Puerto Rico · 2020
  2. Estado Libre Asociado De Puerto Rico v. El Ojo De Agua Development, Inc.; John Doe Y Richard DoeSupreme Court of Puerto Rico · 2018
  3. In re Fin. Oversight & Mgmt. Bd. for Puerto RicoUnited States District Court · 2017
  4. Morales Pérez v. Policía De Puerto RicoSupreme Court of Puerto Rico · 2018
  5. Naráez Cortés v. ELASupreme Court of Puerto Rico · 2018

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