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April 25 Puerto Rico omnibus hearing canceled

By on April 23, 2018

SAN JUAN – U.S. District Court Judge Laura Taylor Swain has canceled an April 25 hearing on several Puerto Rico-debt related issues, indicating that most have already been solved or postponed.

She then ordered the island’s fiscal oversight board to file its case status report to include information regarding the claims filing process and procedures as an informative motion by April 25. Claims must be filed by May.

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At the omnibus hearing, the Judge was going to hear arguments about whether to refer the controversy over the legality of the Puerto Rico Sales Tax Financing Corp. (Cofina by its Spanish acronym) to the Supreme Court. The court was also expected to evaluate certain fee petitions.

The court recently received and granted a request to adjourn the Commonwealth-Cofina certification motion hearing, and a report detailing the stipulated resolution of a lift-stay motion in another case that was scheduled to be heard, was also received.

“In light of these recent changes, it is no longer necessary to hold an omnibus hearing on April 25, 2018. Accordingly, the April 25, 2018 Omnibus hearing is hereby cancelled,” she said.

The next omnibus hearing will take place June 6.

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