{"id":53149,"date":"2016-06-22T09:17:35","date_gmt":"2016-06-22T13:17:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53149"},"modified":"2016-06-22T09:17:35","modified_gmt":"2016-06-22T13:17:35","slug":"hedge-funds-sue-puerto-rico-in-n-y-over-fiscal-crisis-law","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2016\/hedge-funds-sue-puerto-rico-in-n-y-over-fiscal-crisis-law.html","title":{"rendered":"Hedge Funds Sue Puerto Rico in N.Y. Over Fiscal Crisis Law"},"content":{"rendered":"<p>(Bloomberg) Puerto Rico was sued in New York by a group of hedge funds claiming it\u2019s illegally using an emergency fiscal-crisis law to dodge payments on $3.5 billion in bonds that are supposed to be guaranteed by the island\u2019s constitution.<\/p>\n<p>The Emergency Moratorium and Financial Rehabilitation Act, signed into law in April just 48 hours after being presented to Puerto Rico\u2019s legislature, can\u2019t be applied to the general-obligation bonds at the center of the case, the group said in a complaint filed Tuesday in Manhattan federal court.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-06-21\/puerto-rico-sued-in-n-y-by-bondholders-over-fiscal-crisis-law\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Puerto Rico was sued in New York by a group of hedge funds claiming it\u2019s illegally using an emergency fiscal-crisis law to dodge payments on $3.5 billion in bonds that are supposed to be guaranteed by the island\u2019s constitution. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53149","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53149","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53149"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53149\/revisions"}],"predecessor-version":[{"id":53150,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53149\/revisions\/53150"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}