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Bondholders sue Puerto Rico after debt relief freeze ends
Lawsuits allege the government plan to cut a $70 billion debt is unconstitutional and accuse officials of coercion. Ambac claims $300 million owed, plus $52 million in insurer claims, and seeks liens on rum taxes. Aurelius and others seek over $240 million in interest and more.
MENTIONED IN THIS ARTICLE
San Juan
Puerto Rico
U.S
Ambac Assurance Corp
Ambac
U.S. Treasury
Steve Mnuchin
Aurelius Investment LLC