Swain: PREPA bankruptcy case cannot continue without concrete results.

U.S. District Judge Laura Taylor Swain By THE STAR STAFF The Financial Oversight and Management Board told the federal court this week that mediation in the Puerto Rico Electric Power Authority (PREPA) Title III bankruptcy has produced no meaningful progress toward a consensual restructuring agreement for the utility’s $9 billion debt, prompting U.S. District Judge Laura Taylor Swain to warn that the case cannot continue forward without concrete results. Bondholders continue to insist that...