All posts tagged "ambac"

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  Ambac Seeks to Freeze Use of $100M from Metropistas Deal

  Sources say Puerto Rico gov’t has already used funds

  • Posted May 16, 2016
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  La Fortaleza Details Use of Funds in Metropistas Deal

  Gov’t will keep roughly $80M to pay down its debt with local suppliers

  • Posted May 13, 2016
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  Puerto Rico Highways Authority Responds to Ambac’s Lawsuit

  Executive director blasts bond insurer’s legal action

  • Posted May 12, 2016
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  Bond Insurer Demands Receivership for Highways Authority

  Ambac sues HTA, questions whether recent actions are in its best interests

  • Posted May 11, 2016
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  Ambac Sends Letter to Stockholders

  References Puerto Rico challenges

  • Posted April 18, 2016
• Puerto Rico Investment Summit Features New Expert Panel

  SAN JUAN – The powerhouse tax-incentive information, investment opportunity and networking event, the Puerto Rico Investment Summit, has assembled a new panel of experts for its attending executives, attorneys, CPAs, institutional investors, investment bankers and private equity...

  • Posted January 30, 2016
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  Bond Insurers Call for Federal Fiscal Oversight, No Bankruptcy Regime for Puerto Rico

  SAN JUAN – In a letter sent Friday to House Speaker Paul Ryan (R., Wis.), the Association of Financial Guaranty Insurers (AFGI) states that providing a bankruptcy regime for Puerto Rico to restructure its debt obligations is...

  • Posted January 22, 2016
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• Judge to Consolidate Bond Insurer Lawsuits Against Puerto Rico

  SAN JUAN – Federal Judge Gustavo Gelpí has consolidated several lawsuits filed over Puerto Rico’s debt to avoid inconsistent rulings and save time and money. “Both cases assert most of the same claims,” including the same defendants,...

  • Posted January 22, 2016
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• Insurer FGIC Sues Puerto Rico Government

  SAN JUAN – Financial Guaranty Insurance Co. (FGIC) has sued the government in federal court, challenging the constitutionality of the recently issued executive order by Gov. Alejandro García Padilla to enable the so-called “clawback” mechanism because they...

  • Posted January 21, 2016
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  Puerto Rico Gov’t Sued by 2 Insurers Over ‘Illegal’ Clawbacks

  SAN JUAN — Two Puerto Rico bond insurers, Ambac Assurance Corp. and Assured Guaranty, announced Thursday, Jan. 7, they had filed suit against the commonwealth for redirecting pledged revenues, known as “clawbacks,” to pay constitutionally guaranteed debt...

  • Posted January 8, 2016