November 8, 2019 / 12:13 AM / 8 days ago

Mutual fund investors' losses on Puerto Rico bonds not personal injuries - judge

The judge overseeing Puerto Rico’s bankruptcy-like restructuring has rejected a bid by two investors to reframe their claims for financial losses as personal injury claims.

U.S. District Judge Laura Taylor Swain in a memorandum order filed on Wednesday in U.S. District Court in Puerto Rico said the attempt by Jorge Diaz Mayoral and Juan Frau Escudero to claim losses as personal injuries under Puerto Rico law was “unavailing.”

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

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