Fiscal board urges judge to keep PREPA bondholders’ receiver bid on hold.

By THE STAR STAFF The Financial Oversight and Management Board for Puerto Rico has asked a federal judge to deny a renewed request by PREPA bondholders to lift a court-ordered litigation pause so they can pursue the appointment of a receiver for the Puerto Rico Electric Power Authority (PREPA) or seek dismissal of the utility’s Title III bankruptcy case. In its objection filed Tuesday in U.S. District Court for the District of Puerto Rico before Judge Laura Taylor Swain, the board said the...

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