May 31, 2018 / 9:55 PM / 9 months ago

Lawsuit deadline compels probe of Puerto Rico's borrowing - creditors

Puerto Rico’s unsecured creditors on Wednesday once again called for a court order allowing them to quickly launch an investigation into the U.S. territory’s insolvency, saying it would put them in a position to meet the deadline for lawsuits stemming from its findings.

The official committee of unsecured creditors in Puerto Rico’s bankruptcy-like restructuring case said in court papers it must get court approval for its proposed investigation by Aug. 15 to have enough time to prepare for potential avoidance actions.

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