San Juan, Puerto Rico â¢ 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 Ricoâs 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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