Legal Opinion
Fin. Oversight & Mgmt. Bd. for P.R. v. Ad Hoc Grp. of PREPA Bondholders (In Re Fin. Oversight & Mgmt. Bd. for P.R.)
Court of Appeals for the First Circuit
Decided August 8, 2018No. 17-2079PPublishedCited by 21 opinions
1Opinion of the Court
KAYATTA, Circuit Judge.
We consider again the application of PROMESA, 1 a statute Congress enacted to address Puerto Rico's financial crisis. In this instance, holders of revenue bonds issued by the Puerto Rico Electric Power Authority, known as PREPA, sought relief from a stay of actions against PREPA to petition another court to place PREPA in receivership. The district court concluded that PROMESA sections 305 and 306, 48 U.S.C. §§ 2165 , 2166, precluded it from granting such relief. For the following reasons, we conclude otherwise. Whether the district court should in its discretion grant…
2Cases cited15 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- United States v. Whiting Pools, Inc.Supreme Court of the United States · 1983
- Celotex Corp. v. EdwardsSupreme Court of the United States · 1995
- In Re Sonnax Industries, Inc., Debtor. Sonnax Industries, Inc. v. Tri Component Products Corp.Court of Appeals for the Second Circuit · 1990
- Patrick E. Catalano v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 2002
10 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Assured Guaranty Corp. v. Fin. Oversight & Mgmt. Bd. for Puerto Rico (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico)Court of Appeals for the First Circuit · 2019
- Méndez-Núñez v. Fin. Oversight & Mgmt. Bd. for P.R. (In re Fin. Oversight & Mgmt. Bd. for P.R.)Court of Appeals for the First Circuit · 2019
- Aurelius Capital Master, Ltd. v. Commonwealth (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico)Court of Appeals for the First Circuit · 2019
- Mission Product Holdings, Inc. v. Schleicher & Stebbins HotelsCourt of Appeals for the First Circuit · 2020
- Ambac Assurance Corp. v. Commonwealth (In Re Fin. Oversight & Mgmt. Bd. for Puerto Rico)Court of Appeals for the First Circuit · 2019
16 more not listed; retrieve them via the Exa API.