The agreement concerns investors who hold bonds issued by Cofina, slashing the debt by $17.5 billion.
Sens. Elizabeth Warren and Bernie Sanders introduce a bill that would essentially wipe out tens of billions of dollars of Puerto Rico’s $73 billion in outstanding debt.
The CEO was referring to the tsunami of arbitration claims claiming breach of fiduciary duty, negligence and fraud in connection with several bond funds managed by UBS
Her lawsuit says the hedge fund violated equal-pay laws, engaged in gender discrimination and retaliated by denying a promotion after she reported her superior for harassment.
Shares of Procter & Gamble rise Thursday after Trian Partners' Nelson Peltz indicates his proposal for reorganizing the company is gaining traction.
Activist investor Nelson Peltz says investors should take CEO John Flannery and the rest of GE's management by what they say.
U.S. lawmakers closed a long-standing legal loophole that helped spark a financial crisis in Puerto Rico that has decimated the savings of thousands of residents
Two big creditor groups have agreed to a deal that creates a trust to receive the island's sales tax receipts and pay them out to the bondholders
Investors in Puerto Rico's bonds argued in court Tuesday over which group has a claim on sales-tax revenue that could be used to recoup their money.
The oversight board had told the governor that changes to Puerto Rico's proposed fiscal plan are required.