The filing described Cede as a bond trustee that represents “publicly held beneficial holders of the bond debt.”
Judge Swain has the option of holding proceedings in the case either in her courtroom in Manhattan or in federal court in San Juan, said Martin J. Bienenstock, the head of the bankruptcy practice at the New York law firm Proskauer Rose
and an outside counsel for the Financial Oversight and Management Board for Puerto Rico.
In a terse one-line order on Friday, Chief Justice John G. Roberts Jr. of the Supreme Court tapped Judge Swain, of the United States District
Court for the Southern District of New York, to preside over Puerto Rico’s filing for a form of bankruptcy relief from its many creditors.
Judge in Puerto Rico’s Debt Lawsuit Handled Major Financial Cases -
By MATTHEW GOLDSTEINMAY 5, 2017
As a federal court judge, Laura Taylor Swain has played a role in two of the highest-profile financial criminal cases of the past decade.
“Having spent every day for six months trying a complicated financial case in front of Judge Swain, I can say without a doubt
that she has all the qualities you would want in a case like this,” said Matthew L. Schwartz, a former federal prosecutor who was involved in the case.
