{"id":43182,"date":"2014-07-23T08:05:43","date_gmt":"2014-07-23T12:05:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43182"},"modified":"2014-07-23T08:05:43","modified_gmt":"2014-07-23T12:05:43","slug":"hedge-fund-joins-legal-fray-over-puerto-rico-debt-law","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2014\/hedge-fund-joins-legal-fray-over-puerto-rico-debt-law.html","title":{"rendered":"Hedge Fund Joins Legal Fray Over Puerto Rico Debt Law"},"content":{"rendered":"<p>WSJ &#8211; BlueMountain Capital Management LLC on Tuesday filed a lawsuit in federal court in Puerto Rico alleging the new law is unconstitutional. The law, approved by the Puerto Rican government in June, allows for Puerto Rico&#8217;s public corporations, including its power utility and highway authority, to restructure its debts, a move that could lead to bondholder losses.<\/p>\n<p>The lawsuit follows a similar one filed in June by mutual funds managed by Franklin Templeton Investments and OppenheimerFunds.<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/articles\/hedge-fund-joins-legal-fray-over-puerto-rico-debt-law-1406064135\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WSJ &#8211; BlueMountain Capital Management LLC on Tuesday filed a lawsuit in federal court in Puerto Rico alleging the new law is unconstitutional. The law, approved by the Puerto Rican government in June, allows for Puerto Rico&#8217;s public corporations, including [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43182","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=43182"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43182\/revisions"}],"predecessor-version":[{"id":43183,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43182\/revisions\/43183"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}