Financial Oversight and Management BD for Puerto RICO v. Centro De Periodismo Investigativo (598 U.S. 339)
U.S. Supreme Court · decided May 11, 2023 · Supreme Court Database (Spaeth)
- Citation
- 598 U.S. 339 · 143 S. Ct. 1176
- Decided
- May 11, 2023
- Term
- October Term 2022
- Vote
- 8–1
- Majority author
- Justice Kagan
- Issue area
- Miscellaneous
- Disposition
- Reversed and remanded
- Outcome
- Petitioning party won
- Ideological direction
- Conservative
Opinion excerpt
PRELIMINARY PRINT Volume 598 U. S. Part 2 Pages 339–355 OFFICIAL REPORTS OF THE SUPREME COURT May 11, 2023 Page Proof Pending Publication REBECCA A. WOMELDORF reporter of decisions NOTICE: This preliminary print is subject to formal revision before the bound volume is published. Users are requested to notify the Reporter of Decisions, Supreme Court of the United States, Washington, D.C. 20543, pio@supremecourt.gov, of any typographical or other formal errors. OCTOBER TERM, 2022 339 Syllabus FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO v. CENTRO DE PERIODISMO INVESTIGATIVO, INC. certiorari to the united states court of appeals for the rst circuit No. 22–96. Argued January 11, 2023—Decided May 11, 2023 In 2016, Congress passed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), 48 U. S. C. § 2101 et seq., to deal with a fscal crisis in Puerto Rico brought about by soaring public debt. PROMESA establishes a system for overseeing Puerto Rico's fnances, while also enabling the Commonwealth to gain bankruptcy protections similar to those available under the Federal Bankruptcy Code. See Fi- nancial Oversight and Management Bd. for Puerto Rico v. Aurelius Investment, LLC, 590 U. S. –––, –––. The statute creates the Financial Oversight and Management Board for Puerto Rico—petitioner in this case—as an “entity within the territorial government” of…
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