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IN RE FIN. OVERSIGHT & MGMT. BOARD FOR PUERTO RICO

No. 17 BK 3283-LTS (Jointly Administered), No. 17 BK 4780-LTS, Adv. Proc. No. 19-00391-LTS.

650 B.R. 756 (2023)

IN RE: The FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, as representative of The Commonwealth of Puerto Rico et al., Debtors. In re: The Financial Oversight and Management Board for Puerto Rico, as representative of Puerto Rico Electric Power Authority, Debtor. In re: The Financial Oversight and Management Board for Puerto Rico, as representative of Puerto Rico Power Electric Authority, Plaintiff/Counterclaim-Defendant, Puerto Rico Fiscal Agency and Financial Advisory Authority, the Official Committee of Unsecured Creditors of All Title III Debtors, Cortland Capital Market Services, Sola Ltd., Solus Opportunities Fund 5 LP, Ultra Master Ltd., Ultra NB LLC, Union De Trabajadores De La Industria Electrica Y Riego Inc., and Sistema De Retiro De Los Empleados De La Autoridad De Energia Electrica, Intervenor-Plaintiffs, v. U.S. Bank National Association, as Trustee, Defendant/Counterclaim-Plaintiff, The Ad Hoc Group of Prepa Bondholders, Assured Guaranty Corp., Assured Guaranty Municipal Corp., National Public Finance Guarantee Corporation, and Syncora Guarantee, Inc., Intervenor-Defendants/Counterclaim-Plaintiffs.

United States District Court, D. Puerto Rico.

Signed May 3, 2023.

Attorney(s) appearing for the Case

Ehud Barak, Margaret A. Dale, Martin J. Bienenstock, Proskauer Rose LLP, New York, NY, Hermann D. Bauer Alvarez, O'Neill & Borges, San Juan, PR, Luis F. Del Valle Emmanuelli, Legal Partners PSC, San Juan, PR, Paul V. Possinger, Proskauer Rose LLP, Chicago, IL, for Plaintiff/Counterclaim-Defendant The Financial Oversight and Management Board for Puerto Rico.

Maria J. Diconza, Nancy A. Mitchell, Daniel S. Shamah, O'Melveny & Myers LLP, New York, NY, Peter Friedman, O'Melveny & Myers LLP, Washington, DC, Luis C. Marini Biaggi, Carolina Velaz Rivero, Marini Pietrantoni Muniz LLC, San Juan, PR, for Plaintiff Puerto Rico Fiscal Agency and Financial Advisory Authority.

Elizabeth L. McKeen, O'Melveny & Myers LLP, Newport Beach, CA, John J. Rapisardi, O'Melveny & Meyers LLP, New York, NY, for Intervenor-Plaintiff Puerto Rico Fiscal Agency and Financial Advisory Authority.

Nicholas Bassett, Paul Hastings LLP, Washington, DC, G. Alexander Bongartz, Luc A. Despins, Paul Hastings LLP, New York, NY, Juan J. Casillas, Cristina Fernandez, Juan C. Nieves Gonzalez, Casillas, Santiago & Torres, LLC, San Juan, PR, for Intervenor-Plaintiff Official Committee of Unsecured Creditors of all Title III Debtors.

Rolando Emmanuelli Jimenez, Jessica Mendez Colberg, Bufete Emmanuelli, C.S.P., Ponce, PR, Zoe Negron Comas, San Juan, PR, Rafael Antonio Ortiz-Mendoza, Ortiz Mendoza & Farinacci Fernos, LLC, San Juan, PR, for Intervenor-Plaintiff Sistema de Retiro de los Empleados de la Autoridad de Energia Electrica, (SREAEE).

Nayuan Zouairabani Trinidad, McConnel Valdes, San Juan, PR, for Intervenor-Plaintiff Cortland Capital Market Services LLC.

Robert S. Berezin, Matthew S. Barr, Gabriel Morgan, Jonathan D. Polkes, Weil, Gotshal & Manges LLP, New York, NY, Alexandra C. Casellas Cabrera, Luis A. Oliver, Eric Perez Ochoa, Adsuar Muniz Goyco Seda & Perez Ochoa, San Juan, PR, for Intervenor-Defendant/Counterclaim-Plaintiff National Public Finance Guarantee Corporation.

Heriberto J. Burgos Perez, Ricardo F. Casellas, Diana Perez Seda, Casellas Alcover & Burgos PSC, San Juan, PR, Thomas J. Curtin, Howard R. Hawkins, Jr., William J. Natbony, Casey J. Servais, Cadwalader, Wickersham & Taft LLP, New York, NY, Mark C. Ellenberg, Cadwalader, Wickersham & Taft LLP, Washington, DC, for Intervenor-Defendant/Counterclaim-Plaintiff Assured Guaranty Corp.

Alice J. Byowitz, Amy Caton, Thomas Moers Mayer, Kramer Levin Naftalis & Frankel LLP, New York, NY, Manuel Fernandez Bared, Linette Figueroa Torres, Nayda Ivette Perez-Roman, Toro, Colon, Mullet, Rivera & Sifre, P.S.C., San Juan, PR, Matthew M. Madden, Gary A. Orseck, Kramer Levin Naftalis & Frankel LLP, Washington, DC, for Intervenor-Defendant/Counterclaim-Plaintiff Ad Hoc Group of PREPA Bondholders.

Iris J. Cabrera Gomez, Eric A. Tulla, Rivera, Tulla & Ferrer, San Juan, PR, John T. Duffey, William Z. Pentelovitch, Jason M. Reed, Clark T. Whitmore, Maslon LLP, Minneapolis, MN, for Defendant/Counterclaim-Plaintiff U.S. Bank National Association, as Trustee.

Carlos R. Rivera Ortiz, Reichard & Escalera, San Juan, PR, for Intervenor-Defendant/Counterclaim-Plaintiff Syncora Guarantee Inc.

PROMESA

Title III

ORDER DENYING CERTIFICATION OF THE COURT'S MARCH 22, 2023 SUMMARY JUDGMENT ORDER FOR INTERLOCUTORY APPEAL

Before the Court is the Urgent Motion Requesting Certification of this Court's March 22, 2023 Summary Judgment Order for Immediate...

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