Brigade Leveraged Capital Structures Fund Ltd. et al v. The Government Development Bank for Puerto Rico
| Brigade Leveraged Capital Structures Fund Ltd., Brigade Distressed Value Master Fund Ltd., Tasman Fund LP, Claren Road Credit Master Fund, Ltd., Claren Road Credit Opportunities Master Fund, Ltd., Fore Multi Strategy Master Fund, Ltd., Sola Ltd, Ultra Master Ltd and Solus Opportunities Fund 5 LP |
| The Government Development Bank for Puerto Rico |
| The Municipalitiy of San Juan and Municipality of Carolina |
| 3:2016cv01610 |
| April 4, 2016 |
| US District Court for the District of Puerto Rico |
| San Juan Office |
| Adjuntas |
| Francisco A. Besosa |
| Other Personal Property Damage |
| 28 U.S.C. ยง 1332 |
| None |
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Filing
140
OPINION AND ORDER re 71 Motion to Lift Stay; and re 137 Motion for Leave to File. Plaintiffs' respective requests to vacate the PROMESA automatic stay pursuant to section 405(e) (Docket No. 71) are DENIED. The Oversight Board's motion to intervene in these consolidated actions (Docket No. 137) is DENIED WITHOUT PREJUDICE. Signed by Judge Francisco A. Besosa on 11/15/2016. (brc)
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Filing
99
MEMORANDUM AND ORDER re 76 Motion to Stay: GRANTED. This case is STAYED pursuant to section 405(b)(1) of PROMESA. The stay shall continue until February 15, 2017, or as otherwise provided in section 405(d) of PROMESA, unless plaintiffs show caus e for relief from the stay pursuant to section 405(e) of PROMESA. The Court will schedule a hearing pursuant to section 405(e) to determine whether there is cause to lift the stay. Signed by Judge Francisco A. Besosa on 08/22/2016. (brc)
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