Brown Rudnick LLP will investigate any potential claims that Puerto Rico might have relating to debt the commonwealth and its agencies sold leading up to the island’s fiscal crisis and bankruptcy.
Puerto Rico’s federal oversight board hired Boston-based Brown Rudnick as claims counsel, the board said in a Nov. 29 statement. It will advise the board’s special claims committee on any potential litigation.
The firm will review an independent investigative report released in August that explored how Puerto Rico racked up $74 billion of debt as its economy shrunk.
The board will pay Brown Rudnick $790 per hour for all ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.