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Westlaw News

Impact of Puerto Rico bankruptcy felt even by illegal drag racers

Puerto Rico’s financial crisis and bankruptcy is being felt far beyond investors holding the U.S. commonwealth’s bonds - even extending to the island’s illegal drag racers.

Lawyers for the territory are fighting to maintain the stay of litigation, prompted by Puerto Rico’s bankruptcy-like proceeding, involving a range of lawsuits including one over cars seized in a crackdown on drag racing.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2u9V5E0

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