230308 ORD RE 530TH OMNI OBJ VERSION MARCH 8, 2023 1

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

No. 17 BK 3283-LTS

(Jointly Administered)

ORDER GRANTING FIVE HUNDRED THIRTIETH OMNIBUS OBJECTION (SUBSTANTIVE)

OF THE COMMONWEALTH OF PUERTO RICO AND THE EMPLOYEES RETIREMENT SYSTEM 

OF THE GOVERNMENT OF THE COMMONWEALTH OF PUERTO RICO TO PARTIAL 

DUPLICATE, DEFICIENT, NO LIABILITY, AND INCORRECT DEBTOR BOND CLAIMS

Upon the Five Hundred Thirtieth Omnibus Objection (Substantive) of the 

Commonwealth of Puerto Rico and the Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico to Partially Duplicate, Deficient, No Liability, and Incorrect 

Debtor Bond Claims (Docket Entry No. 22263) (“Five Hundred Thirtieth Omnibus Objection”)2

 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 (the “Commonwealth”) (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”, and together with the 

Commonwealth, COFINA, HTA, ERS, and PREPA, the “Debtors”) (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)

2 Capitalized terms not otherwise defined herein shall have the meanings given to such terms 

in the Five Hundred Thirtieth Omnibus Objection.

Case:17-03283-LTS Doc#:23733 Filed:03/08/23 Entered:03/08/23 14:32:02 Desc: Main

Document Page 1 of 4
230308 ORD RE 530TH OMNI OBJ VERSION MARCH 8, 2023 2

filed by the Commonwealth of Puerto Rico (the “Commonwealth”) and the Employees Retirement 

System of the Government of the Commonwealth of Puerto Rico (“ERS,” and together with the 

Commonwealth, the “Debtors”), dated September 16, 2022, for entry of an order partially 

disallowing and partially reclassifying certain claims filed against the Debtors, as more fully set 

forth in the Five Hundred Thirtieth Omnibus Objection and supporting exhibits thereto; and the 

Court having jurisdiction to consider the Five Hundred Thirtieth Omnibus Objection and to grant 

the relief requested therein pursuant to PROMESA section 306(a); and venue being proper 

pursuant to PROMESA section 307(a); and due and proper notice of the Five Hundred Thirtieth 

Omnibus Objection having been provided to those parties identified therein, and no other or further 

notice being required; and the Court having determined that the claims identified in Exhibit A to 

the Five Hundred Thirtieth Omnibus Objection (the “Claims to Be Partially Disallowed and 

Partially Reclassified”) seek recovery, in part, of amounts for which the Debtors are not liable; and 

the Court having determined that certain of the Claims to Be Partially Disallowed and Partially 

Reclassified should be partially reclassified because a portion of the claim identifies the 

Commonwealth as obligor, when that portion of the claim is properly asserted, if at all, against 

PREPA; and the Court having determined that the relief sought in the Five Hundred Thirtieth 

Omnibus Objection is in the best interests of the Debtors, their creditors, and all parties in interest; 

and the Court having determined that the legal and factual bases set forth in the Five Hundred 

Thirtieth Omnibus Objection establish just cause for the relief granted herein; and after due 

deliberation and sufficient cause appearing therefor, it is hereby

ORDERED that the Five Hundred Thirtieth Omnibus Objection is GRANTED as 

set forth herein; and it is further

Case:17-03283-LTS Doc#:23733 Filed:03/08/23 Entered:03/08/23 14:32:02 Desc: Main

Document Page 2 of 4
230308 ORD RE 530TH OMNI OBJ VERSION MARCH 8, 2023 3

ORDERED that the portions of the claims identified in Exhibit A to the Five 

Hundred Thirtieth Omnibus Objection (the “Claims to Be Partially Disallowed”) are hereby 

reduced and disallowed, respectively; and it is further

ORDERED that Kroll is authorized and directed to designate as expunged and 

reduce the amount asserted in the Claims to Be Partially Disallowed by the disallowed portions 

from the official claims register in the Commonwealth Title III Case; and it is further

ORDERED that the portions of the claims identified in the column titled “Asserted” 

in Exhibit A to the Five Hundred Thirtieth Omnibus Objection (the “Partially Reclassified Bond 

Claims”) are hereby reclassified to be claims asserted against PREPA, as indicated in the column 

titled “Modified and/or Expunged by Plan” in Exhibit A; and it is further

ORDERED that the Debtors’ right to object to the Partially Reclassified Bond 

Claims is reserved; and it is further

ORDERED that Kroll is authorized and directed, in the official claims register in 

the PROMESA cases, to move the claims identified in the column titled “Asserted” in Exhibit A

to the Five Hundred Thirtieth Omnibus Objection from the Title III case for the debtor(s) identified 

in the column titled “Asserted” in Exhibit A to the Five Hundred Thirtieth Omnibus Objection to 

PREPA’s Title III Case (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax 

ID: 3747)); and it is further

ORDERED that this Order resolves Docket Entry No. 22263 in Case No. 17-3283; 

and it is further

ORDERED that this Court shall retain jurisdiction to hear and determine all matters 

arising from or related to the implementation, interpretation, or enforcement of this Order.

SO ORDERED.

Case:17-03283-LTS Doc#:23733 Filed:03/08/23 Entered:03/08/23 14:32:02 Desc: Main

Document Page 3 of 4
230308 ORD RE 530TH OMNI OBJ VERSION MARCH 8, 2023 4

Dated: March 8, 2023

/s/ Laura Taylor Swain

LAURA TAYLOR SWAIN

United States District Judge

Case:17-03283-LTS Doc#:23733 Filed:03/08/23 Entered:03/08/23 14:32:02 Desc: Main

Document Page 4 of 4