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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

May 22, 2016 by · Leave a Comment 

By Nick Brown SAN JUAN (Reuters) – Hedge funds who own debt at Puerto Rico's Government Development Bank are accusing the bank and the island's governor of giving preferential treatment to local creditors under a law designed to restructure GDB's debt, signaling a breakdown in a tentative restructuring deal the sides reached earlier this month. A bondholder group that includes hedge funds Brigade, Claren Road and Fir Tree updated an existing lawsuit against the bank and Governor Alejandro Garcia Padilla late Friday…

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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

shari

Viacom says its board has not had access to Redstone

May 22, 2016 by · Leave a Comment 

Viacom Inc said on Saturday its board members have been unable to meet with controlling shareholder Sumner Redstone because his daughter Shari is blocking access to the media mogul. Viacom's criticism of Shari Redstone comes a day

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Viacom says its board has not had access to Redstone