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On Monday, the Supreme Court released orders from the March 30 conference. The justices added one new case to their merits docket for next term.

Ambac Assurance Corp. v. Financial Oversight and Management Board for Puerto Rico

Petition for certiorari denied on January 13, 2020

Linked with:

Docket No. Op. Below Argument Opinion Vote Author Term
19-387 1st Cir. N/A N/A N/A N/A OT 2019

Issues: (1) Whether 11 U.S.C. § 904 and 48 U.S.C. § 2165 prohibit a bankruptcy court from enforcing the provisions of the Bankruptcy Code against municipal debtors; and (2) whether 11 U.S.C. § 922(d)—which creates an exception to the automatic stay of debt-enforcement actions during the pendency of a bankruptcy proceeding for the “application of pledged special revenues”—mandates that there is no automatic stay of debt-enforcement actions with respect to special revenues.

SCOTUSblog Coverage

DateProceedings and Orders (key to color coding)
Sep 23 2019Petition for a writ of certiorari filed. (Response due October 24, 2019)
Sep 30 2019Motion to extend the time to file a response from October 24, 2019 to November 25, 2019, submitted to The Clerk.
Oct 02 2019Motion to extend the time to file a response is granted and the time is extended to and including November 25, 2019.
Oct 21 2019Waiver of right of respondent Official Committee of Unsecured Creditors to respond filed.
Oct 24 2019Brief amicus curiae of Securities Industry and Financial Markets Association filed.
Nov 25 2019Brief of respondents Financial Oversight and Management Board for Puerto Rico, et al. in opposition filed.
Dec 11 2019DISTRIBUTED for Conference of 1/10/2020.
Dec 11 2019Reply of petitioner Ambac Assurance Corporation filed.
Jan 13 2020Petition DENIED.
 
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