clawbacks News

Puerto Rico Bondholders Suffer Setback as Lawsuit Dismissed

A U.S. federal judge on Tuesday dismissed a lawsuit by some of Puerto Rico’s bondholders, who had argued that the U.S. territory broke the law by defaulting on constitutionally-guaranteed debt despite having the money to make payments. Judge Laura Taylor …

Bond Insurers’ Lawsuits Against Puerto Rico to Be Combined

A second lawsuit over Puerto Rico’s debt default will be joined with a similar suit in order to save time and money and avoid inconsistent rulings, a U.S. federal judge said on Thursday. Financial Guaranty Insurance Co., or FGIC, sued …

Dewey & LeBoeuf Seeks $104 Million From Ex-Partners

Dewey & LeBoeuf offered on Wednesday to drop potential claims against former partners if they collectively shell out up to $103.6 million to the estate of the largest U.S. law firm ever to declare bankruptcy. Joff Mitchell, the chief restructuring …