{
Laura Taylor Swain

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001122334455554433221100

puerto rico utility debt resolution remains elusive amid ongoing bankruptcy negotiations

Puerto Rico's power utility debt restructuring remains uncertain, with mediators informing US District Judge Laura Taylor Swain that a resolution is likely years away. Recent negotiations have failed to yield an agreement on the $9 billion debt of the Puerto Rico Electric Power Authority, and litigation could further delay the process due to potential appeals.
bloomberg.com
Puerto Rico Electric Power Authority PRI Laura Taylor Swain
Finance & Economy, News Article
22:14 09.12.2024

Ex-Allianz Fund Manager Sentenced to Home Confinement for Fraudulent Practices

Gregoire Tournant, the former chief investment officer of Allianz's Structured Alpha group, has been sentenced to 18 months of home confinement for fraudulently inflating fund values, leading to $3.2 billion in investor losses. The sentence, handed down by US District Judge Laura Taylor Swain, also includes three years of probation, significantly less than the seven years sought by prosecutors.
Bloomberg.com
Allianz SE USA Gregoire Tournant Laura Taylor Swain
Regulatory & Legal, News Article
18:58 06.12.2024
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