Bondholders Ask Federal Court to Stop Puerto Rico Toll Revenue Diversion (subscription required) reports, “Holders of $65 million in bonds issued by Puerto Rico’s Highways and Transportation Authority said Monday [June 5] that the judge overseeing the commonwealth’s restructuring should block the island’s government from diverting their security interests in highway toll revenues to pay general expenses, calling it a constitutional violation.”

Click here to download a copy of the hearing motion and brief from Prime Clerk.