Will Puerto Rican Bonds Be the Next Wave of Litigation?
After large funds sued Argentina to recover on their defaulted bonds and walked away with a huge windfall settlement, they set a new precedent for litigation for investors to consider. With Puerto Rico now on the brink of being unable to pay its debts, investors are already gearing up for litigation to recover on the bonds they own. The U.S. government is considering a law to help the country restructure its debt as well which might lead to restrictions on bondholders ability to recover their investments. Click here to read more.