Legal Opinion
Wal-Mart Puerto Rico, Inc. v. Zaragoza-Gomez
District Court, D. Puerto Rico
Decided March 28, 2016No. Civil No. 3:15-CV-03018 (JAF)PublishedCited by 6 opinions
1Opinion of the Court
OPINION AND ORDER
JOSE ANTONIO FUSTE, UNITED STATES DISTRICT JUDGE
The Commonwealth of Puerto Rico (“the Commonwealth” or “Puerto Rico”) is insolvent and no longer able to pay its debts as they become due. The Treasury Single Account, which functions as the Commonwealth’s main operating account, will reach an almost $1 billion negative balance by the end of June 2016. The local Commissioner of Financial Institutions has found that the Government Development Bank of Puerto Rico is insolvent, too, which means that it may need to enter receivership. The Puerto Rico Treasury Department harbors…
2Cases cited83 opinions
- Buckley v. ValeoSupreme Court of the United States · 1976
- Heller v. Doe Ex Rel. DoeSupreme Court of the United States · 1993
- Califano v. YamasakiSupreme Court of the United States · 1979
- Flemming v. NestorSupreme Court of the United States · 1960
- Nixon v. Administrator of General ServicesSupreme Court of the United States · 1977
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3Cited by6 opinions
- Wal-Mart Puerto Rico, Inc. v. Zaragoza-GomezCourt of Appeals for the First Circuit · 2016
- LM Waste Service Corp. v. Municipio De Juana Diaz (In re LM Waste Service Corp.)United States Bankruptcy Court, D. Puerto Rico · 2016
- Segovia v. Board of Election CommissionersDistrict Court, N.D. Illinois · 2016
- Great Bay Condominium Owners Association, Inc. v. GOVERNMENT OF THE VIRGIN ISLANDSDistrict Court, Virgin Islands · 2018
- In re: Pedro López MuñozUnited States Bankruptcy Court, D. Puerto Rico · 2018
1 more not listed; retrieve them via the Exa API.