{"id":54965,"date":"2016-10-25T10:03:29","date_gmt":"2016-10-25T14:03:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=54965"},"modified":"2016-10-25T10:03:29","modified_gmt":"2016-10-25T14:03:29","slug":"hedge-funds-holding-puerto-rico-sales-tax-bonds-ask-to-halt-suit","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/10\/2016\/hedge-funds-holding-puerto-rico-sales-tax-bonds-ask-to-halt-suit.html","title":{"rendered":"Hedge Funds Holding Puerto Rico Sales-Tax Bonds Ask to Halt Suit"},"content":{"rendered":"

(Bloomberg) Hedge funds holding Puerto Rico revenue bonds are asking a court to postpone a lawsuit filed by general-obligation bondholders seeking to stop the commonwealth from directing sales-tax revenue away from the general fund.
\nGoldenTree Asset Management LP, Merced Capital LP, Tilden Park Capital Management LP and Whitebox Advisors LLC, which hold about $2 billion of senior sales-tax bonds known as Cofinas, filed a motion late Monday asking the court to impose a legal stay included in a federal law called Promesa.<\/p>\n

To read this article: <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Bloomberg) Hedge funds holding Puerto Rico revenue bonds are asking a court to postpone a lawsuit filed by general-obligation bondholders seeking to stop the commonwealth from directing sales-tax revenue away from the general fund. GoldenTree Asset Management LP, Merced Capital […]<\/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-54965","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=54965"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54965\/revisions"}],"predecessor-version":[{"id":54966,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/54965\/revisions\/54966"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=54965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=54965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=54965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}