Legal Opinion
In re Fin. Oversight & Mgmt. Bd. for Puerto Rico
United States District Court
Decided September 14, 2017No. 17 BK 4780–LTSPublished
1Opinion of the Court
LAURA TAYLOR SWAIN, United States District Judge
The Ad Hoc Group of PREPA Bondholders, National Public Finance Guarantee Corporation, Assured Guaranty Corp., Assured Guaranty Municipal Corp., and Syncora Guarantee Inc. (collectively, the "Movants") have moved, pursuant to Section 362(d)(1) of title 11 of the United States Code (the "Bankruptcy Code"), made applicable by Section 301(a) of Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA"), for relief from the automatic stay to commence litigation against the Puerto Rico Electric Power Authority ("PREPA" or the "Debtor")…
2Cases cited9 opinions
- In Re Sonnax Industries, Inc., Debtor. Sonnax Industries, Inc. v. Tri Component Products Corp.Court of Appeals for the Second Circuit · 1990
- Taylor v. SternbergSupreme Court of the United States · 1935
- Lyda v. City of Detroit, Mich. (In Re City of Detroit, Mich.)Court of Appeals for the Sixth Circuit · 2016
- In Re Memorial Estates, Inc., Debtor. Appeal of Cemco, IncCourt of Appeals for the Seventh Circuit · 1986
- Association of Retired Employees v. City of Stockton (In re City of Stockton)United States Bankruptcy Court, E.D. California · 2012
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