Puerto Rico FOMB lack of transparency to possible fraud bond deal
San Juan, Puerto Rico - Many news outlets began to prematurely celebrate that the Financial Oversight and Management Board (FOMB) appointed by the U. ...
JC Penny’s revived by new management and searching for new CEO
JCPenney department stores (new ticker symbol CPPRQ) has new owners and they are searching for a new leader to replace chief executive officer Jill S ...
New York Pension Bomb or Bankruptcy
For decades warnings of New York's disastrous pension fund have been in the radar of analysis and politicians, but the rhetorical answer has been to r ...
JCPenney To File for Bankruptcy Today
Today Friday - JCPenney is planning to file for Chapter 11 bankruptcy protection today, and reportedly is negotiating a $450 million debtor-in-possess ...
Puerto Rico New Debt Agreement
Puerto Rico would shed about $24 billion of debt and move closer to exiting bankruptcy under an agreement with bondholders announced on Sunday by the ...
Puerto Rico Tentative Debt Secret Deals
The Fiscal Oversight and Management Board overseeing Puerto Rico’s debt restructuring have reached a tentative agreement with bondholders that moves t ...
Party City says it is closing 45 stores amid a global helium shortage
Party City shuts down stores, partly blames helium shortages. The New Jersey-based party supplies company did not release a list of affecte ...
PROMESA Board Selective Process, Bad Actors, Congress and Distrust
On Wednesday April 24th, in Federal court located in San Juan and streamed live via close circuit to a Federal court in New York City, Judge ...
Puerto Rico $2.7 million Fiscal Oversight Management Board in PR Contracts
The Fiscal Oversight Financial Board (FOMB) that controls the financial decisions of the government of Puerto Rico signed a contract with th ...
Judge Swain Rules on Puerto Rico’s COFINA Bonds
On Monday, February 4th Judge Laura Taylor Swain, judge presiding the Bankruptcy hearings for The Commonwealth of Puerto Rico, indicated she ...