(Reuters) A hedge fund’s Constitutional challenge to the creation of the federal board overseeing Puerto Rico’s finances is a ploy to protect investments in the insolvent island’s debt, a union for government workers said in court papers filed on Friday. The court should reject a bid by Aurelius Capital Management to get Puerto Rico’s case dismissed by challenging how the board was established, the American Federation of State, County and Municipal Employees added in its papers.
Union, Hedge Fund Trades Blows Over Puerto Rico Oversight Board
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