OBoard looks for out-of-court settlements with government vendors
June 3, 2019
The Special Claims Committee of the Financial Oversight and Management Board for Puerto Rico on Friday launched an informal resolution process that does not require onerous litigation to resolve its recent vendor actions, it announced. ...
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Oversight Board refers 3 P.R. gov’t agencies, 11 towns to local, federal authorities
May 30, 2019
The Financial Oversight and Management Board for Puerto Rico announced it has referred to the local and federal Justice Departments three government entities and 11 municipalities that allegedly failed to transfer some $4.5 million in ...
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U.S. Senators submit bill to guarantee robust disclosure requirements
May 24, 2019
U.S. Senators Bob Menendez (D-N.J.), Marco Rubio (R-Fla.), Richard Blumenthal (D-Conn.) and John Kennedy (R-La.) introduced the Puerto Rico Recovery Accuracy in Disclosures Act of 2019 (PRRADA, for short.) The bipartisan legislation would provide robust ...
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