Bloomberg: Lender Calls Luxury Resort’s Bankruptcy Claims False

Bloomberg reported FirstBank Puerto Rico called a court filing by a bankrupt British Virgin Islands luxury resort owner saying a settlement had been reached over the bank’s claims, to be “false and misleading.”

Bloomberg: Resort Seeks Chapter 11 to End “Secretive” Lender Receivership

Bloomberg reported that the owner of a British Virgin Islands luxury resort sought bankruptcy protection to end a receivership it claims was secretly put in place by its lender.

Court Denies First BanCorp Claim in Lehman Case

In a filing, First BanCorp disclosed that a U.S. bankruptcy court has denied the bank’s motion for summary judgment filed in connection with its claim to recover certain assets posted as collateral with Lehman Brothers.