Ambac Assurance Corp. v. Financial Oversight and Management Board for Puerto Rico
Linked with Assured Guaranty Corp. v. Financial Oversight and Management Board for Puerto Rico (19-391)
Certiorari Denied
Petition for certiorari denied on January 13, 2020.
Issue
(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.
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 2, 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.
Recommended Citation: Ambac Assurance Corp. v. Financial Oversight and Management Board for Puerto Rico, SCOTUSblog, https://www.scotusblog.com/cases/ambac-assurance-corp-v-financial-oversight-and-management-board-for-puerto-rico/