Legal Opinion
Franklin California Tax-Free v. Commonwealth of Puerto Rico
Court of Appeals for the First Circuit
Decided July 6, 2015No. 15-1218, 15-1221, 15-1271, 15-1272PublishedCited by 30 opinions
1Opinion of the Court
LYNCH, Circuit Judge.
The defendants, the Commonwealth of Puerto Rico, its Governor, its Secretary of Justice, and the Government Development Bank (“GDB”), assert that Puerto Rico is facing the most serious fiscal crisis in its history, and that its public utilities risk becoming insolvent. Puerto Rico, unlike states, may not authorize its municipalities, including these utilities, to seek federal bankruptcy relief under Chapter 9 of the U.S. Bankruptcy Code. 11 U.S.C. §§ 101(40), 101(52), 109(c). In June 2014, the Commonwealth attempted to allow its utilities to restructure their debt by…
2Cases cited53 opinions
- Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
- Hines v. DavidowitzSupreme Court of the United States · 1941
- Rice v. Santa Fe Elevator Corp.Supreme Court of the United States · 1947
- MedImmune, Inc. v. Genentech, Inc.Supreme Court of the United States · 2007
- Chapman v. Houston Welfare Rights OrganizationSupreme Court of the United States · 1979
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3Cited by30 opinions
- Puerto Rico v. Franklin California Tax-Free TrustSupreme Court of the United States · 2016
- United States v. AquartCourt of Appeals for the Second Circuit · 2018
- William Ochadleus v. City of DetroitCourt of Appeals for the Sixth Circuit · 2016
- Aurelius Inv., LLC v. Puerto RicoCourt of Appeals for the First Circuit · 2019
- United States v. Cotto-FloresCourt of Appeals for the First Circuit · 2020
25 more not listed; retrieve them via the Exa API.