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Aurelius’s Puerto Rico Bankruptcy Battle Takes an Unexpected Turn

Is Puerto Rico’s general obligation debt unconstitutional? Promesa’s board argues that it is.

In August of 2017, Mark Brodsky’s Aurelius Capital filed a constitutional challenge to the board overseeing Puerto Rico’s bankruptcy. This week, that board returned the favor — in a fashion. In a surprise development, the oversight board created by the Puerto Rico Oversight, Management, and Economic Stability Act — known as

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