High Court Suggests Support for Puerto Rico Oversight Board
- Bondholders say board members appointed unconstitutionally
- Justices indicate they won’t throw out board’s bankruptcy work
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U.S. Supreme Court justices suggested reluctance to throw out the work of the oversight board responsible for pulling Puerto Rico out of its record bankruptcy, hearing arguments in a case that will shape the economic future of an island still recovering from a 2017 hurricane.
In an 80-minute session Tuesday, the justices appeared mostly skeptical of contentions that the seven members of the Financial Oversight and Management Board were appointed in violation of the Constitution.