Puerto Rico hit with lawsuits after freeze ends

San Juan, Puerto Rico • Bondholders sued Puerto Rico on Tuesday in the first legal challenges to hit the U.S. territory after the expiration of a freeze on litigation that protected it from lawsuits amid a deep economic crisis. A group representing those who bought a portion of the $16 billion worth of bonds backed by Puerto Rico’s sales tax said in its lawsuit that a government plan to cut its $70 billion debt is unconstitutional. The group accused government officials of strong-arming it into...

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