Legal Opinion

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

Decided March 26, 2019No. 18-1165PPublishedCited by 52 opinions

1Opinion of the Court

TORRUELLA, Circuit Judge.

*124 Appellants, financial guarantee insurers that had insured bonds from the Puerto Rico Highway and Transportation Authority ("PRHTA") (hereinafter the "Insurers"), appeal from the dismissal of their Amended Complaint in an adversary proceeding arising within the debt adjustment proceeding that the Financial Oversight and Management Board (the "Board") commenced on behalf of the PRHTA under Title III of the Puerto Rico Oversight, Management, and Economic Stability Act ("PROMESA"), see 48 U.S.C. §§ 2161 - 2177. Because the district court did not err when it dismissed the…

2Cases cited26 opinions

  1. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  2. United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
  3. Connecticut National Bank v. GermainSupreme Court of the United States · 1992
  4. United States v. Ilario M.A. ZanninoCourt of Appeals for the First Circuit · 1990
  5. Robinson v. Shell Oil Co.Supreme Court of the United States · 1997

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3Cited by52 opinions

  1. Pereira Brito v. GarlandCourt of Appeals for the First Circuit · 2021
  2. Centro de Periodismo Investigativo, Inc. v. FOMBCourt of Appeals for the First Circuit · 2022
  3. Acbel Polytech, Inc. v. Fairchild Semiconductor Int'l, Inc.Court of Appeals for the First Circuit · 2019
  4. Jette v. United of Omaha Life Ins. Co.Court of Appeals for the First Circuit · 2021
  5. State of Rhode Island v. Shell Oil Products Co., LLCCourt of Appeals for the First Circuit · 2020

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