IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.

Debtors.1

PROMESA Title III

Case No. 17-BK-3283-LTS

(Jointly Administered)

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

as representative of

THE PUERTO RICO ELECTRIC POWER AUTHORITY,

Debtor. 

Case No. 17-BK-4780-LTS

REBUTTAL EXPERT DISCLOSURES OF THE AD HOC GROUP OF PREPA 

BONDHOLDERS, ASSURED GUARANTY CORP., ASSURED GUARANTY

MUNICIPAL CORP., SYNCORA GUARANTEE, INC., AND U.S. BANK NATIONAL

ASSOCIATION AS PREPA BOND TRUSTEE RELATED TO 

PREPA’S TITLE III PLAN OF ADJUSTMENT

1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four (4) 

digits of each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17-BK-3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17-BK-3284-LTS) (Last Four Digits of Federal Tax ID: 

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17-BK-3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17-BK-3566-LTS) (Last Four Digits of Federal Tax 

ID: 9686); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case No. 19-

BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

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To the Honorable United States District Court Judge Laura Taylor Swain: 

Pursuant to paragraphs 3 and 26 of the Court’s March 3, 2023 Amended and Restated Order 

Establishing, Among Other Things, Procedures and Deadlines Concerning Objections to 

Confirmation and Discovery in Connection Therewith (the “Procedures Order”) (ECF No. 3305), 

the Ad Hoc Group of PREPA Bondholders (“Ad Hoc Group”), Assured Guaranty Corp. and 

Assured Guaranty Municipal Corp. (“Assured”), and Syncora Guarantee Inc. (“Syncora”), and 

U.S. Bank National Association as PREPA Bond Trustee (the “Trustee,” and collectively, 

“Bondholders”), respectfully submit these Rebuttal Expert Disclosures: 

EXPERT DISCLOSURES

1. Bondholders hereby disclose the identities of the following rebuttal expert 

witnesses who may provide opinion testimony on behalf of Bondholders with respect to 

confirmation of the Modified Second Amended Title III Plan of Adjustment of the Puerto Rico 

Electric Power Authority (ECF No. 3296) (as it may be amended, modified, or supplemented), 

pursuant to Federal Rule of Civil Procedure 26(a)(2)(B):2

a. Maureen M. Chakraborty, Managing Principal at Analysis Group, Inc.; 

b. Thomas S. Terry, CEO of The Terry Group; and

c. Susan F. Tierney, Senior Advisor at Analysis Group, Inc. 

2. Bondholders reserve the right to amend these Rebuttal Expert Disclosures in 

accordance with the Procedures Order. 

WHEREFORE Bondholders respectfully request that the Court take notice of the foregoing. 

2 In accordance with paragraph 26 of the Procedures Order, any rebuttal expert reports from the disclosed individuals 

shall be filed by May 15, 2023. 

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We hereby certify that, on this same date, we electronically filed the foregoing with the 

clerk of the Court using the CM/ECF system, which will notify the attorneys of record. 

Dated: San Juan, Puerto Rico

May 8, 2023 

TORO COLÓN MULLET P.S.C.

/s/ Manuel Fernández-Bared 

Manuel Fernández-Bared

USDC-PR No. 204,204 

P.O. Box 195383 

San Juan, PR 00919-5383 

Tel.: (787) 751-8999 

Fax: (787) 763-7760 

E-mail: mfb@tcm.law

/s/ Linette Figueroa-Torres

Linette Figueroa-Torres

USDC-PR No. 227,104 

E-mail: lft@tcm.law

/s/ Nayda Perez-Roman 

Nayda Perez-Roman

USDC–PR No. 300,208 

E-mail: nperez@tcm.law

Counsel for the Ad Hoc Group of PREPA 

Bondholders 

KRAMER LEVIN 

NAFTALIS & FRANKEL LLP

/s/ Amy Caton

Amy Caton* 

Thomas Moers Mayer* 

Alice J. Byowitz*

1177 Avenue of the Americas 

New York, New York 10036 

Tel.: (212) 715-9100 

Fax: (212) 715-8000 

Email: acaton@kramerlevin.com

tmayer@kramerlevin.com

abyowitz@kramerlevin.com 

Gary A. Orseck*

Matthew M. Madden* 

2000 K Street NW, 4th Floor 

Washington, DC 20006 

Tel: (202) 775-4500 

Fax: (202) 775-4510 

Email: gorseck@kramerlevin.com

 mmadden@kramerlevin.com 

*Admitted Pro Hac Vice

Counsel for the Ad Hoc Group of PREPA 

Bondholders

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CASELLAS ALCOVER & BURGOS P.S.C.

By: /s/ Heriberto Burgos Pérez 

Heriberto Burgos Pérez 

USDC-PR No. 204,809 

Ricardo F. Casellas-Sánchez

USDC-PR No. 203,114 

Diana Pérez-Seda

USDC–PR No. 232,014 

P.O. Box 364924 

San Juan, PR 00936-4924 

Tel.: (787) 756-1400 

Fax: (787) 756-1401 

E-mail: hburgos@cabprlaw.com 

 rcasellas@cabprlaw.com

 dperez@cabprlaw.com 

Counsel for Assured Guaranty Corp. and Assured 

Guaranty Municipal Corp. 

CADWALADER, WICKERSHAM & 

TAFT LLP

By: /s/ William J. Natbony 

Howard R. Hawkins, Jr.* 

Mark C. Ellenberg* 

Casey J. Servais* 

William J. Natbony*

Thomas J. Curtin* 

200 Liberty Street 

New York, New York 10281 

Tel.: (212) 504-6000 

Fax: (212) 406-6666 

Email: howard.hawkins@cwt.com 

 mark.ellenberg@cwt.com 

 casey.servais@cwt.com

 bill.natbony@cwt.com 

 thomas.curtin@cwt.com 

 

*Admitted Pro Hac Vice 

Counsel for Assured Guaranty Corp. and 

Assured Guaranty Municipal Corp.

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REICHARD & ESCALERA, LLC

By: /s/ Rafael Escalara 

Rafael Escalara 

USDC-PR No. 122,609 

/s/ Sylvia M. Arizmendi 

Sylvia M. Arizmendi 

USDC-PR No. 210,714 

/s/ Carlos R. Rivera-Ortiz 

Carlos R. Rivera-Ortiz

USDC–PR No. 303,409 

255 Ponce de León Avenue 

MCS Plaza, 10th Floor 

San Juan, PR 00917-1913 

Tel.: (787) 777-8888 

Fax: (787) 765-4225 

E-mail: escalara@reichardescalera.com 

 arizmendis@reichardescalera.com

 riverac@reichardescalera.com

 

Counsel for Syncora Guarantee, Inc. 

QUINN EMANUEL URQUHART & 

SULLIVAN, LLP

By: /s/ Susheel Kirpalani 

Susheel Kirpalani*

Daniel Salinas

USDC-PR No. 224,006 

Eric Kay*

51 Madison Avenue, 22nd Floor 

New York, New York 10010-1603 

Tel.: (212) 849-7000 

Fax: (212) 849-7100 

Email: susheelkirpalani@quinnemanuel.com 

 danielsalias@quinnemanuel.com 

 erickay@quinnemanuel.com 

* Admitted Pro Hac Vice 

Counsel for Syncora Guarantee, Inc. 

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RIVERA, TULLA & FERRER LLC

/s/ Eric A. Tulla 

Eric A. Tulla

USDC-DPR No. 118313 

Email: etulla@riveratulla.com

Rivera Tulla & Ferrer Building

50 Quisqueya Street 

San Juan, PR 00917-1212 

Tel: (787)753-0438 

Fax: (787)767-5784 

Counsel for U.S. Bank National 

Association, in its Capacity as PREPA 

Bond Trustee

MASLON LLP

/s/ Clark T. Whitmore 

Clark T. Whitmore* 

Michael C. McCarthy* 

John Duffey* 

Jason M. Reed* 

90 South Seventh Street, Suite 3300 

Minneapolis, MN 55402 

Tel.: (612) 672-8200 

Fax: (612) 672-8397 

Email: clark.whitmore@maslon.com 

mike.mccarthy@maslon.com 

john.duffey@maslon.com 

jason.reed@maslon.com 

* Admitted Pro Hac Vice 

Counsel for U.S. Bank National 

Association, in its Capacity as PREPA 

Bond Trustee

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