Puerto Rico Judge Imposes 120-Day Pause on Bankruptcy Suits
- It’s an effort to ‘tamp down’ on chaos engulfing the process
- Dozens of creditor and government lawsuits have piled up
Protesters demonstrate on a street leading to the Governor’s Mansion in Old San Juan on July 24, 2019.
Photographer: Joe Raedle/Getty ImagesThis article is for subscribers only.
As political chaos swirled outside, a federal court judge overseeing Puerto Rico’s bankruptcy in San Juan sought to impose order on dozens of legal fights that are adding to the island’s financial turmoil.
U.S. District Court Judge Laura Taylor Swain told bondholders, government officials and a federal oversight board at a Wednesday hearing to hold off on pressing their claims for four months, and instead attend mediation sessions.