Bondholders filed to sue Puerto Rico on Tuesday in the first legal challenges to hit the U.S. territory after a freeze on litigation that protected it from lawsuits expired amid a deep economic crisis. A group representing those who bought a portion of the $16 billion worth of bonds backed by Puerto Rico’s sales tax said in its lawsuit that a government plan to cut …
A federal lawsuit urges Puerto Rico to allow transgender people to change the gender marker on their birth certificate. (Image by Nicolas Raymond; courtesy Flickr) Lambda Legal notes in the lawsuit it filed on behalf of four trans Puerto Ricans and Puerto Rico Para Tod@s, a local advocacy group, on April 6 that 46 out of 50 states allow trans people to change the gender marker on their birth …
A group of bondholders on Tuesday sued Puerto Rico’s government as debt negotiations fell apart less than two weeks ahead of what would be the largest default in the island’s history. The suit filed in New York by holders of general obligation bonds seeks to invalidate a debt moratorium and fiscal emergency law passed in early April as the island struggles to restructure $70 billion in public …
IN RE DORAL FINANCIAL CORPORATION SECURITIES LITIGATION, CIVIL ACTION NO. 3:14-CV-01393-GAG, CLASS ACTION, SUMMARY NOTICE This Document Relates To: ALL ACTIONS. TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF DORAL FINANCIAL CORPORATION (“DORAL”) DURING THE PERIOD FROM APRIL 2, 2012 THROUGH AND INCLUDING MAY 1, 2014, AND WERE ALLEGEDLY DAMAGED THEREBY YOU ARE …