Justia Dockets & Filings First Circuit U.S. Court of Appeals, First Circuit Altair Global Credit, et al v. Garcia-Padilla, et al

Altair Global Credit, et al v. Garcia-Padilla, et al

Movant - Appellant:	PUERTO RICO AAA PORTFOLIO BOND FUND, INC., PUERTO RICO AAA PORTFOLIO TARGET MATURITY FUND, INC., ALTAIR GLOBAL CREDIT OPPORTUNITIES FUND (A), LLC, GLENDON OPPORTUNITIES FUND, LP, NOKOTA CAPITAL MASTER FUND, L.P., OAKTREE-FORREST MULTI-STRATEGY, L.L. C. (SERIES B), OAKTREE OPPORTUNITIES FUND IX, L.P., OAKTREE OPPORTUNITIES FUND IX (PARALLEL 2), L.P., OAKTREE VALUE OPPORTUNITIES FUND, L.P., PUERTO RICO AAA PORTFOLIO BOND FUND II, INC., PUERTO RICO FIXED INCOME FUND, INC., PUERTO RICO FIXED INCOME FUND II, INC., PUERTO RICO FIXED INCOME FUND III, INC., PUERTO RICO FIXED INCOME FUND IV, INC., PUERTO RICO FIXED INCOME FUND V, INC., PUERTO RICO GNMA AND U.S. GOVERNMENT TARGET MATURITY FUND, INC., PUERTO RICO MORTGAGE-BACKED & U.S. GOVERNMENT SECURITIES FUND, INC., SV CREDIT, L.P., TAX-FREE PUERTO RICO FUND, INC., TAX-FREE PUERTO RICO FUND II, INC., TAX-FREE PUERTO RICO TARGET MATURITY FUND, INC. and UBS IRA SELECT GROWTH & INCOME PUERTO RICO FUND
Movant - Appellee:	CLAREN ROAD CREDIT MASTER FUND, LTD., CLAREN ROAD CREDIT OPPORTUNITIES MASTER FUND, LTD., OCHER ROSE, L.L.C., PUERTO RICO INVESTORS BOND FUND I, INC., PUERTO RICO INVESTORS TAX-FREE FUND, INC., PUERTO RICO INVESTORS TAX-FREE FUND II, INC., PUERTO RICO INVESTORS TAX-FREE FUND, INC. III, PUERTO RICO INVESTORS TAX-FREE FUND IV, INC., PUERTO RICO INVESTORS TAX-FREE FUND V, INC. and PUERTO RICO INVESTORS TAX-FREE FUND VI, INC.
Respondent - Appellee:	ALEJANDRO J. GARCIA-PADILLA, in his official capacity as the Governor of Puerto Rico, JUAN C. ZARAGOZA-GOMEZ, In his official capacity as the Secretary of Treasury of Puerto Rico, LUIS F. CRUZ-BATISTA, in his official capacity as the Director of the Commonwealth's Office of Management and Budget and THE EMPLOYEES RETIREMENT SYSTEM OF THE COMMONWEALTH OF PUERTO RICO
Movant:	FINANCIAL OVERSIGHT AND MANAGEMENT BOARD
Case Number:	16-2433
Filed:	November 30, 2016
Court:	U.S. Court of Appeals, First Circuit
Nature of Suit:	Constitutionality of State Statutes

Opinions

We have the following opinions for this case:

Date Filed	Description
January 11, 2017	Altair Global Credit v. Garcia-Padilla

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Search for this case: Altair Global Credit, et al v. Garcia-Padilla, et al
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Movant - appellant: PUERTO RICO AAA PORTFOLIO BOND FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO AAA PORTFOLIO TARGET MATURITY FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: ALTAIR GLOBAL CREDIT OPPORTUNITIES FUND (A), LLC
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: GLENDON OPPORTUNITIES FUND, LP
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: NOKOTA CAPITAL MASTER FUND, L.P.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: OAKTREE-FORREST MULTI-STRATEGY, L.L. C. (SERIES B)
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: OAKTREE OPPORTUNITIES FUND IX, L.P.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: OAKTREE OPPORTUNITIES FUND IX (PARALLEL 2), L.P.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: OAKTREE VALUE OPPORTUNITIES FUND, L.P.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: PUERTO RICO AAA PORTFOLIO BOND FUND II, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO FIXED INCOME FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO FIXED INCOME FUND II, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO FIXED INCOME FUND III, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO FIXED INCOME FUND IV, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO FIXED INCOME FUND V, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO GNMA AND U.S. GOVERNMENT TARGET MATURITY FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: PUERTO RICO MORTGAGE-BACKED & U.S. GOVERNMENT SECURITIES FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: SV CREDIT, L.P.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellant: TAX-FREE PUERTO RICO FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: TAX-FREE PUERTO RICO FUND II, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: TAX-FREE PUERTO RICO TARGET MATURITY FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellant: UBS IRA SELECT GROWTH & INCOME PUERTO RICO FUND
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellee: CLAREN ROAD CREDIT MASTER FUND, LTD.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellee: CLAREN ROAD CREDIT OPPORTUNITIES MASTER FUND, LTD.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellee: OCHER ROSE, L.L.C.
Represented By:	Bruce Bennett
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Beth Heifetz
Represented By:	Benjamin Rosenblum
Represented By:	Sparkle Sooknanan
Represented By:	Geoffrey S. Stewart
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Movant - appellee: PUERTO RICO INVESTORS BOND FUND I, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellee: PUERTO RICO INVESTORS TAX-FREE FUND, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellee: PUERTO RICO INVESTORS TAX-FREE FUND II, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellee: PUERTO RICO INVESTORS TAX-FREE FUND, INC. III
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellee: PUERTO RICO INVESTORS TAX-FREE FUND IV, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellee: PUERTO RICO INVESTORS TAX-FREE FUND V, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Movant - appellee: PUERTO RICO INVESTORS TAX-FREE FUND VI, INC.
Represented By:	John K. Cunningham
Represented By:	Alfredo Fernandez-Martinez
Represented By:	Glenn Kurtz
Represented By:	Alicia Irene Lavergne-Ramirez
Represented By:	Jason Zakia
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Respondent - appellee: ALEJANDRO J. GARCIA-PADILLA, in his official capacity as the Governor of Puerto Rico
Represented By:	Salvador Antonetti-Zequeira
Represented By:	Peter A. Farrell
Represented By:	Jose Luis Ramirez-Coll
Represented By:	Michael Francis Williams
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Respondent - appellee: JUAN C. ZARAGOZA-GOMEZ, In his official capacity as the Secretary of Treasury of Puerto Rico
Represented By:	Salvador Antonetti-Zequeira
Represented By:	Peter A. Farrell
Represented By:	Jose Luis Ramirez-Coll
Represented By:	Michael Francis Williams
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Respondent - appellee: LUIS F. CRUZ-BATISTA, in his official capacity as the Director of the Commonwealth's Office of Management and Budget
Represented By:	Salvador Antonetti-Zequeira
Represented By:	Peter A. Farrell
Represented By:	Jose Luis Ramirez-Coll
Represented By:	Michael Francis Williams
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Respondent - appellee: THE EMPLOYEES RETIREMENT SYSTEM OF THE COMMONWEALTH OF PUERTO RICO
Represented By:	Richard A. Chesley
Represented By:	Kevin Finger
Represented By:	John Hillebrecht
Represented By:	Neal F. Kronley
Represented By:	Jose Alberto Sosa-Llorens
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Movant: FINANCIAL OVERSIGHT AND MANAGEMENT BOARD
Represented By:	Stephan E. Hornung
Represented By:	Michael Luskin
Represented By:	Luis Francisco del-Valle-Emmanuelli
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