Judge partially lifts litigation stay in PREPA bankruptcy to calculate value of bondholders’ claim.

U.S. District Judge Laura Taylor Swain By THE STAR STAFF In a significant development in the Puerto Rico Electric Power Authority’s (PREPA) bankruptcy process, U.S. District Judge Laura Taylor Swain has partially lifted the litigation stay in the Title III proceeding, allowing a narrow but critical phase of litigation to move forward. The ruling this week clears the way for the bondholders’ long‑pending accounting counterclaim to proceed, along with limited discovery focused on how PREPA’s...

Go to News Site