LexisNexis ( January 23, 2019, 9:24 AM EST) -- The facts of the Puerto Rico Bondholder litigation. In The Financial Oversight and Management Board for Puerto Rico v. Altair Global Credit Opportunities Fund (A), LLC, et al., A.P. No. 17-213-LTS (D. P.R. 08/17/18), involving the financial restructuring proceedings of Puerto Rico, the Puerto Rico Employees Retirement System (“ERS”), by and through the Financial Oversight and Management Board (the “Oversight Board”), filed suit against bondholders of the ERS (“Bondholders”), which asserted validly perfected security interests in a range of ERS’ assets. The ERS claims were to invalidate the asserted Bondholders’ security interests....