Commonwealth of Puerto Rico – Bondholders Urge Appointment of Receiver, Argue PREPA Mismanagement Reaching “Escape Velocity”

October 4, 2018 – National Public Finance Guarantee Corporation, Assured Guaranty Corp., Assured Guaranty Municipal Corp., and Syncora Guarantee Inc. (collectively, the “Movants”), who are holders and/or insurers of bonds issued by the Puerto Rico Electric Power Authority (“PREPA”), filed with the Court a motion to lift the cases’s automatic stay and commence an action…