Peaje Invs. LLC v. Fin. Oversight & Mgmt. Bd. for P.R. (In re Fin. Oversight & Mgmt. Bd. for P.R.)
Court of Appeals for the First Circuit
1Opinion of the Court
KAYATTA, Circuit Judge.
*4We are asked for the second time to weigh in on Peaje Investments LLC's claim that what it characterizes as its "collateral" is being permanently impaired. Peaje is the beneficial owner of $65 million of uninsured bonds issued by the Puerto Rico Highways and Transportation Authority ("Authority"). Peaje alleges that its bonds are secured by a lien on certain toll revenues of the Authority and that, in response to Puerto Rico's financial crisis, the Authority and the Commonwealth of Puerto Rico ("Commonwealth") are diverting funds to which Peaje believes it is entitled…
2Cases cited11 opinions
- In Re Lionel CorporationCourt of Appeals for the Second Circuit · 1994
- International Union, United Mine Workers v. Mine Safety & Health AdministrationCourt of Appeals for the D.C. Circuit · 2005
- Bruns v. MayhewCourt of Appeals for the First Circuit · 2014
- Peaje Investments LLC v. Garcia-PadillaCourt of Appeals for the First Circuit · 2017
- Waldron v. George Weston Bakeries Inc.Court of Appeals for the First Circuit · 2009
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- Moya v. Administracion Sistemas De Retiro De L. Empleados Del Gobierno Y La Judicatura (In re Vargas Moya)United States Bankruptcy Court, D. Puerto Rico · 2019
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