1

Sosa, Javier F.

From: Stafford, Laura

Sent: Tuesday, June 27, 2023 1:01 PM

To: Orseck, Gary A.; Mayrell, Ralph C.; Alonzo, Julia D.; Dale, Margaret A.

Cc: Madden, Matthew M.; John Duffey; Lawrence Larose; susheelkirpalani@quinnemanuel.com; 

Licenciado Agrait; Zoé Negrón-Comas; Berezin, Robert; DiConza, Maria J.; Bongartz, Alex; 

clark.whitmore@maslon.com; William Santiago-Sastre; Laura Arroyo; Russell, Mark; 

jrapisardi@omm.com; Olivera, Gabriel L.; Friedman, Peter; McKeen, Elizabeth L.; Pavel, Ashley; 

lmarini@mpmlawpr.com; cvelaz@mpmlawpr.com; lucdespins@paulhastings.com; Bassett, Nicholas; 

jcasillas@cstlawpr.com; ifernandez@cstlawpr.com; jnieves@cstlawpr.com; rgmason@wlrk.com; 

arwolf@wlrk.com; eakleinhaus@wlrk.com; akherring@wlrk.com; mhcassel@wlrk.com; 

rafael.ortiz.mendoza@gmail.com; Rolando Emmanuelli Jiménez; Jessica E. Méndez-Colberg ; 

Jimenez, Pedro; Whitner, William K.; Stolze, Eric D.; bmd@cordovadick.com; 

aqureshi@akingump.com; zlanier@akingump.com; Benjamin Gilbert; Justin Bernbrock; Catherine Jun; 

Brady, Corey; nzt@mcvpr.com; matt.barr@weil.com; Morgan, Gabriel; Maza, Shlomo; 

cacuprill@cuprill.com; petercheinsr@gmail.com; sanchez.lebron501@gmail.com; QE-PREPA; PREPA 

KL Team; pr.assured@cwt.com; Prepateam; Bienenstock, Martin J.; Barak, Ehud; Mervis, Michael T.; 

Stevens, Elliot; Possinger, Paul V.; DuBosar, Jared M.; Kim, M. Rina; Firestein, Michael A.; Sosa, Javier 

F.; Desatnik, Daniel

Subject: RE: [EXTERNAL] Re: PREPA: Meet and confer

Attachments: Proposed Confirmation Dates (Oct. Hearing).docx; DRAFT PREPA - June 27 Joint Status 

Report(138704699.2) .docx

Please see attached for the current version of the status report, showing inserts we’ve received so far in redline.  I am

also attaching a redlined version of our proposed confirmation schedule.

Laura Stafford

Senior Counsel 

(she/her/hers)

Proskauer

One International Place 

Boston, MA 02110-2600 

d 617.526.9714 

f 617.526.9899

lstafford@proskauer.com

greenspaces 

Please consider the environment before printing this email. 

From: Orseck, Gary A. <GOrseck@KRAMERLEVIN.com>  

Sent: Tuesday, June 27, 2023 12:18 PM

To: Stafford, Laura <lstafford@proskauer.com>; Mayrell, Ralph C. <RMayrell@KRAMERLEVIN.com>; Alonzo, Julia D.

<jalonzo@proskauer.com>; Dale, Margaret A. <mdale@proskauer.com>

Cc: Madden, Matthew M. <MMadden@KRAMERLEVIN.com>; John Duffey <John.Duffey@maslon.com>; Lawrence

Larose <LLarose@sheppardmullin.com>; susheelkirpalani@quinnemanuel.com; Licenciado Agrait

<agraitfe@agraitlawpr.com>; Zoé Negrón‐Comas <zoe@emmanuelli.law>; Berezin, Robert <robert.berezin@weil.com>;

DiConza, Maria J. <mdiconza@omm.com>; Bongartz, Alex <alexbongartz@paulhastings.com>;

clark.whitmore@maslon.com; William Santiago‐Sastre <wssbankruptcy@gmail.com>; Laura Arroyo

<larroyo@earthjustice.org>; Russell, Mark <MRussell@KRAMERLEVIN.com>; jrapisardi@omm.com; Olivera, Gabriel L.

Case:17-03283-LTS Doc#:24675-2 Filed:06/27/23 Entered:06/27/23 14:17:02 Desc:

Exhibit 2 Page 1 of 7
2

<golivera@omm.com>; Friedman, Peter <pfriedman@omm.com>; McKeen, Elizabeth L. <emckeen@omm.com>; Pavel,

Ashley <apavel@omm.com>; lmarini@mpmlawpr.com; cvelaz@mpmlawpr.com; lucdespins@paulhastings.com; Bassett,

Nicholas <nicholasbassett@paulhastings.com>; jcasillas@cstlawpr.com; ifernandez@cstlawpr.com;

jnieves@cstlawpr.com; rgmason@wlrk.com; arwolf@wlrk.com; eakleinhaus@wlrk.com; akherring@wlrk.com;

mhcassel@wlrk.com; rafael.ortiz.mendoza@gmail.com; Rolando Emmanuelli Jiménez <rolando@emmanuelli.law>;

Jessica E. Méndez‐Colberg <Jessica@emmanuelli.law>; Jimenez, Pedro <pedrojimenez@paulhastings.com>; Whitner,

William K. <kwhitner@paulhastings.com>; Stolze, Eric D. <ericstolze@paulhastings.com>; bmd@cordovadick.com;

aqureshi@akingump.com; zlanier@akingump.com; Benjamin Gilbert <bogilbert@sheppardmullin.com>; Justin

Bernbrock <JBernbrock@sheppardmullin.com>; Catherine Jun <CJun@sheppardmullin.com>; Brady, Corey

<Corey.Brady@weil.com>; nzt@mcvpr.com; matt.barr@weil.com; Morgan, Gabriel <gabriel.morgan@weil.com>; Maza,

Shlomo <shlomomaza@paulhastings.com>; cacuprill@cuprill.com; petercheinsr@gmail.com;

sanchez.lebron501@gmail.com; QE‐PREPA <qe‐prepa@quinnemanuel.com>; PREPA KL Team

<PREPAKLTeam@KRAMERLEVIN.com>; pr.assured@cwt.com; Prepateam <prepateam@maslon.com>; Bienenstock,

Martin J. <mbienenstock@proskauer.com>; Barak, Ehud <ebarak@proskauer.com>; Mervis, Michael T.

<MMervis@proskauer.com>; Stevens, Elliot <EStevens@proskauer.com>; Possinger, Paul V.

<ppossinger@proskauer.com>; DuBosar, Jared M. <JDuBosar@proskauer.com>; Kim, M. Rina <RKim@proskauer.com>;

Firestein, Michael A. <MFirestein@proskauer.com>; Sosa, Javier F. <Jsosa@proskauer.com>; Desatnik, Daniel

<DDesatnik@proskauer.com>

Subject: RE: [EXTERNAL] Re: PREPA: Meet and confer

This email sent by gorseck@kramerlevin.com originated from outside the Firm.

Laura, your letting us know one hour before your proposed deadline that the Board rejects all of our revisions to 

your schedule is not reasonable. We now will have to propose our own competing schedule, rather than agree 

with you on a consensual proposal, as we had hoped. We will aim to get back to you with our proposed 

schedule and insert to the joint submission by 1:30 PM. 

Gary 

  

Gary A. Orseck

Partner

Kramer Levin Naftalis & Frankel LLP 

2000 K Street NW, Washington, DC 20006

T 202.775.4504 M 202.253.7654 F 202.775.4510 

This communication (including any attachments) is intended solely for the recipient(s) named above and may contain information that is 

confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received 

this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. 

Thank you for your cooperation.

From: Stafford, Laura <lstafford@proskauer.com>  

Sent: Tuesday, June 27, 2023 11:57 AM

To: Mayrell, Ralph C. <RMayrell@KRAMERLEVIN.com>; Alonzo, Julia D. <jalonzo@proskauer.com>; Dale, Margaret A.

<mdale@proskauer.com>; Orseck, Gary A. <GOrseck@KRAMERLEVIN.com>

Cc: Madden, Matthew M. <MMadden@KRAMERLEVIN.com>; John Duffey <John.Duffey@maslon.com>; Lawrence

Larose <LLarose@sheppardmullin.com>; susheelkirpalani@quinnemanuel.com; Licenciado Agrait

<agraitfe@agraitlawpr.com>; Zoé Negrón‐Comas <zoe@emmanuelli.law>; Berezin, Robert <robert.berezin@weil.com>;

DiConza, Maria J. <mdiconza@omm.com>; Bongartz, Alex <alexbongartz@paulhastings.com>;

clark.whitmore@maslon.com; William Santiago‐Sastre <wssbankruptcy@gmail.com>; Laura Arroyo

<larroyo@earthjustice.org>; Russell, Mark <MRussell@KRAMERLEVIN.com>; jrapisardi@omm.com; Olivera, Gabriel L.

<golivera@omm.com>; Friedman, Peter <pfriedman@omm.com>; McKeen, Elizabeth L. <emckeen@omm.com>; Pavel,

Ashley <apavel@omm.com>; lmarini@mpmlawpr.com; cvelaz@mpmlawpr.com; lucdespins@paulhastings.com; Bassett,

Case:17-03283-LTS Doc#:24675-2 Filed:06/27/23 Entered:06/27/23 14:17:02 Desc:

Exhibit 2 Page 2 of 7
3

Nicholas <nicholasbassett@paulhastings.com>; jcasillas@cstlawpr.com; ifernandez@cstlawpr.com;

jnieves@cstlawpr.com; rgmason@wlrk.com; arwolf@wlrk.com; eakleinhaus@wlrk.com; akherring@wlrk.com;

mhcassel@wlrk.com; rafael.ortiz.mendoza@gmail.com; Rolando Emmanuelli Jiménez <rolando@emmanuelli.law>;

Jessica E. Méndez‐Colberg <Jessica@emmanuelli.law>; Jimenez, Pedro <pedrojimenez@paulhastings.com>; Whitner,

William K. <kwhitner@paulhastings.com>; Stolze, Eric D. <ericstolze@paulhastings.com>; bmd@cordovadick.com;

aqureshi@akingump.com; zlanier@akingump.com; Benjamin Gilbert <bogilbert@sheppardmullin.com>; Justin

Bernbrock <JBernbrock@sheppardmullin.com>; Catherine Jun <CJun@sheppardmullin.com>; Brady, Corey

<Corey.Brady@weil.com>; nzt@mcvpr.com; matt.barr@weil.com; Morgan, Gabriel <gabriel.morgan@weil.com>; Maza,

Shlomo <shlomomaza@paulhastings.com>; cacuprill@cuprill.com; petercheinsr@gmail.com;

sanchez.lebron501@gmail.com; QE‐PREPA <qe‐prepa@quinnemanuel.com>; PREPA KL Team

<PREPAKLTeam@KRAMERLEVIN.com>; pr.assured@cwt.com; Prepateam <prepateam@maslon.com>;

mbienenstock@proskauer.com; Barak, Ehud <ebarak@proskauer.com>; Mervis, Michael T.

<MMervis@proskauer.com>; Stevens, Elliot <EStevens@proskauer.com>; Possinger, Paul V.

<ppossinger@proskauer.com>; DuBosar, Jared M. <JDuBosar@proskauer.com>; Kim, M. Rina <RKim@proskauer.com>;

Firestein, Michael A. <MFirestein@proskauer.com>; Sosa, Javier F. <Jsosa@proskauer.com>; Desatnik, Daniel

<DDesatnik@proskauer.com>

Subject: RE: [EXTERNAL] Re: PREPA: Meet and confer

Ralph and all –  

Thank you for your comments.  However, we disagree with many of your suggestions and intend to propose the

schedule we sent to you last night.  With respect to paragraph 2 of your email below, we agree that the parties’ witness

lists and expert disclosures should identify all witnesses the parties intend to present at confirmation, and we will revise

the schedule to clarify that point.  Further, given the hour and the court’s 2pm deadline, we propose attaching our

correspondence to the parties’ status report.  Further, we request all parties provide us with their positions and/or

inserts to the joint status report by no later than 1pm today.

With respect to the other issues raised in your email:

1. Resolicitation:  We do not believe that resolicitation is necessary, but we are examining the point.  In the event

resolicitation is necessary, we intend to propose a timeframe for a motion to amend the solicitation procedures

order to allow for limited resolicitation.

2. Motion in limine:  We disagree that it is appropriate to hear the motion at this stage before all expert testimony

has been submitted.  We believe the motion should be updated, if necessary, after all expert testimony has been

submitted and heard with any other motions in limine at the pretrial conference.

3. Motions: In light of the court’s decisions on the parties’ summary judgment motions and in claim estimation, we

believe your motion to dismiss and your proposed renewed motion to lift the stay are meritless.  We also do not

believe 362(e) applies here, even assuming it has not been waived: your request to lift the litigation stay is not

bound by 362(e), and we do not believe there is good cause to lift the automatic stay.  We would not object,

however, to having the uniformity objection heard on an expedited time frame.

Laura Stafford

Senior Counsel 

(she/her/hers)

Proskauer

One International Place 

Boston, MA 02110-2600 

d 617.526.9714 

f 617.526.9899

lstafford@proskauer.com

greenspaces 

Please consider the environment before printing this email. 

Case:17-03283-LTS Doc#:24675-2 Filed:06/27/23 Entered:06/27/23 14:17:02 Desc:

Exhibit 2 Page 3 of 7
4

From: Mayrell, Ralph C. <RMayrell@KRAMERLEVIN.com>  

Sent: Tuesday, June 27, 2023 11:40 AM

To: Alonzo, Julia D. <jalonzo@proskauer.com>; Dale, Margaret A. <mdale@proskauer.com>; Orseck, Gary A.

<GOrseck@KRAMERLEVIN.com>

Cc: Madden, Matthew M. <MMadden@KRAMERLEVIN.com>; John Duffey <John.Duffey@maslon.com>; Lawrence

Larose <LLarose@sheppardmullin.com>; susheelkirpalani@quinnemanuel.com; Licenciado Agrait

<agraitfe@agraitlawpr.com>; Zoé Negrón‐Comas <zoe@emmanuelli.law>; Berezin, Robert <robert.berezin@weil.com>;

DiConza, Maria J. <mdiconza@omm.com>; Bongartz, Alex <alexbongartz@paulhastings.com>;

clark.whitmore@maslon.com; William Santiago‐Sastre <wssbankruptcy@gmail.com>; Laura Arroyo

<larroyo@earthjustice.org>; Russell, Mark <MRussell@KRAMERLEVIN.com>; jrapisardi@omm.com; Olivera, Gabriel L.

<golivera@omm.com>; Friedman, Peter <pfriedman@omm.com>; McKeen, Elizabeth L. <emckeen@omm.com>; Pavel,

Ashley <apavel@omm.com>; lmarini@mpmlawpr.com; cvelaz@mpmlawpr.com; lucdespins@paulhastings.com; Bassett,

Nicholas <nicholasbassett@paulhastings.com>; jcasillas@cstlawpr.com; ifernandez@cstlawpr.com;

jnieves@cstlawpr.com; rgmason@wlrk.com; arwolf@wlrk.com; eakleinhaus@wlrk.com; akherring@wlrk.com;

mhcassel@wlrk.com; rafael.ortiz.mendoza@gmail.com; Rolando Emmanuelli Jiménez <rolando@emmanuelli.law>;

Jessica E. Méndez‐Colberg <Jessica@emmanuelli.law>; Jimenez, Pedro <pedrojimenez@paulhastings.com>; Whitner,

William K. <kwhitner@paulhastings.com>; Stolze, Eric D. <ericstolze@paulhastings.com>; bmd@cordovadick.com;

aqureshi@akingump.com; zlanier@akingump.com; Benjamin Gilbert <bogilbert@sheppardmullin.com>; Justin

Bernbrock <JBernbrock@sheppardmullin.com>; Catherine Jun <CJun@sheppardmullin.com>; Brady, Corey

<Corey.Brady@weil.com>; nzt@mcvpr.com; matt.barr@weil.com; Morgan, Gabriel <gabriel.morgan@weil.com>; Maza,

Shlomo <shlomomaza@paulhastings.com>; cacuprill@cuprill.com; petercheinsr@gmail.com;

sanchez.lebron501@gmail.com; QE‐PREPA <qe‐prepa@quinnemanuel.com>; PREPA KL Team

<PREPAKLTeam@KRAMERLEVIN.com>; pr.assured@cwt.com; Prepateam <prepateam@maslon.com>; Bienenstock,

Martin J. <mbienenstock@proskauer.com>; Barak, Ehud <ebarak@proskauer.com>; Mervis, Michael T.

<MMervis@proskauer.com>; Stevens, Elliot <EStevens@proskauer.com>; Possinger, Paul V.

<ppossinger@proskauer.com>; DuBosar, Jared M. <JDuBosar@proskauer.com>; Kim, M. Rina <RKim@proskauer.com>;

Firestein, Michael A. <MFirestein@proskauer.com>; Sosa, Javier F. <Jsosa@proskauer.com>; Desatnik, Daniel

<DDesatnik@proskauer.com>; Stafford, Laura <lstafford@proskauer.com>

Subject: RE: [EXTERNAL] Re: PREPA: Meet and confer

This email sent by rmayrell@kramerlevin.com originated from outside the Firm.

Julia,

We have received comments from the Committee regarding the modified schedule we proposed last night.  Please see

the attached redline reflecting their proposed modifications.  

Given the shortness of time, please let us know soon the Board’s position on our proposed schedule, as that obviously

bears on our portion of the joint status report.

‐Ralph

  

Ralph C. Mayrell

Associate

Kramer Levin Naftalis & Frankel LLP 

2000 K Street NW, Washington, DC 20006

T 202.775.4528 M 617.417.5102 F 202.775.4510 

This communication (including any attachments) is intended solely for the recipient(s) named above and may contain information that is 

Case:17-03283-LTS Doc#:24675-2 Filed:06/27/23 Entered:06/27/23 14:17:02 Desc:

Exhibit 2 Page 4 of 7
5

confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. If you have received 

this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. 

Thank you for your cooperation.

From: Mayrell, Ralph C. <RMayrell@KRAMERLEVIN.com>  

Sent: Monday, June 26, 2023 11:40 PM

To: Alonzo, Julia D. <jalonzo@proskauer.com>; Dale, Margaret A. <mdale@proskauer.com>; Orseck, Gary A.

<GOrseck@KRAMERLEVIN.com>

Cc: Madden, Matthew M. <MMadden@KRAMERLEVIN.com>; John Duffey <John.Duffey@maslon.com>; Lawrence

Larose <LLarose@sheppardmullin.com>; susheelkirpalani@quinnemanuel.com; Licenciado Agrait

<agraitfe@agraitlawpr.com>; Zoé Negrón‐Comas <zoe@emmanuelli.law>; Berezin, Robert <robert.berezin@weil.com>;

DiConza, Maria J. <mdiconza@omm.com>; Bongartz, Alex <alexbongartz@paulhastings.com>;

clark.whitmore@maslon.com; William Santiago‐Sastre <wssbankruptcy@gmail.com>; Laura Arroyo

<larroyo@earthjustice.org>; Russell, Mark <MRussell@KRAMERLEVIN.com>; jrapisardi@omm.com; Olivera, Gabriel L.

<golivera@omm.com>; Friedman, Peter <pfriedman@omm.com>; McKeen, Elizabeth L. <emckeen@omm.com>; Pavel,

Ashley <apavel@omm.com>; lmarini@mpmlawpr.com; cvelaz@mpmlawpr.com; lucdespins@paulhastings.com; Bassett,

Nicholas <nicholasbassett@paulhastings.com>; jcasillas@cstlawpr.com; ifernandez@cstlawpr.com;

jnieves@cstlawpr.com; rgmason@wlrk.com; arwolf@wlrk.com; eakleinhaus@wlrk.com; akherring@wlrk.com;

mhcassel@wlrk.com; rafael.ortiz.mendoza@gmail.com; Rolando Emmanuelli Jiménez <rolando@emmanuelli.law>;

Jessica E. Méndez‐Colberg <Jessica@emmanuelli.law>; Jimenez, Pedro <pedrojimenez@paulhastings.com>; Whitner,

William K. <kwhitner@paulhastings.com>; Stolze, Eric D. <ericstolze@paulhastings.com>; bmd@cordovadick.com;

aqureshi@akingump.com; zlanier@akingump.com; Benjamin Gilbert <bogilbert@sheppardmullin.com>; Justin

Bernbrock <JBernbrock@sheppardmullin.com>; Catherine Jun <CJun@sheppardmullin.com>; Brady, Corey

<Corey.Brady@weil.com>; nzt@mcvpr.com; matt.barr@weil.com; Morgan, Gabriel <gabriel.morgan@weil.com>; Maza,

Shlomo <shlomomaza@paulhastings.com>; cacuprill@cuprill.com; petercheinsr@gmail.com;

sanchez.lebron501@gmail.com; QE‐PREPA <qe‐prepa@quinnemanuel.com>; PREPA KL Team

<PREPAKLTeam@KRAMERLEVIN.com>; pr.assured@cwt.com; Prepateam <prepateam@maslon.com>;

mbienenstock@proskauer.com; Barak, Ehud <ebarak@proskauer.com>; Mervis, Michael T.

<MMervis@proskauer.com>; Stevens, Elliot <EStevens@proskauer.com>; Possinger, Paul V.

<ppossinger@proskauer.com>; DuBosar, Jared M. <JDuBosar@proskauer.com>; Kim, M. Rina <RKim@proskauer.com>;

Firestein, Michael A. <MFirestein@proskauer.com>; Sosa, Javier F. <Jsosa@proskauer.com>; Desatnik, Daniel

<DDesatnik@proskauer.com>; Stafford, Laura <lstafford@proskauer.com>

Subject: RE: [EXTERNAL] Re: PREPA: Meet and confer

Julia,

Thank you.  We disagree that it is appropriate to set a confirmation schedule before we have even seen the proposed

plan or any of the models.  However, in the alternative, we have proposed changes to the schedule, which are attached

as redline with comments and clean, and which focus on the following:

1. We would not include language limiting discovery to “changes in the Third Amended POA” or limiting

depositions to three hours.  We expect the parties will engage in discovery in good faith and focus on additional

discovery made necessary by the Oversight Board’s new fiscal plan and amended plan of adjustment, rather

than retreading past discovery, which is in no one’s interest.  But we do not even know the parameters of the

plan or the underlying analyses, so we can’t commit to those limits.  Further, we don’t want to have the parties

waste time disputing exactly what is within the scope of this additional discovery period.  And, with respect to

the deposition time period, there are many parties in this case, and three hours may be too short to

accommodate them.

2. We suggest that the parties file amended, rather than supplemental, witness lists, expert disclosures, expert

reports, etc.  With respect to the lists and disclosures, amending the previous disclosures, rather than just

identifying new witnesses, etc., will avoid potential confusion about what the parties intend to include in this

new round of confirmation.  Likewise, the current expert reports are filled with discussions of the 2022 fiscal

Case:17-03283-LTS Doc#:24675-2 Filed:06/27/23 Entered:06/27/23 14:17:02 Desc:

Exhibit 2 Page 5 of 7
6

plan and the old plan of adjustment; it simply doesn’t make sense just to supplement them to try to address

whatever is “new.”

3. We propose some reasonable amounts of additional time for discovery, and expert discovery in particular, in

order to allow the experts time to review the models that haven’t even been disclosed to us yet, and to allow for

the possibility that there will need to be follow‐up data requests before they are fully produced.  We also want

to accommodate the reality that it may be challenging to find dates for depositions of both sides’ witnesses in

the second half of August.

4. We propose that the Court hold a hearing on the Board’s motion in limine in July.  That motion is fully briefed

and the Board’s arguments in that motion may implicate the scope of expert discovery, so there is a benefit to

both sides to having that motion decided as soon as possible.

Please let us know your position on these proposed modifications to the schedule, or if you would like to discuss any of

them.

In addition to the edits we have proposed to your schedule, we want to raise two other substantive issues that could

affect the schedule.

  

First, we understand that it is the Oversight Board’s position that it does not need to file a new disclosure statement for

court approval or resolicit the votes.  As we don’t yet have your amended plan before us, we are limited in our ability to

address your position.  We note, however, that by altering the maturity of the new bonds, the Oversight Board is

adversely affecting the Settling Bondholder accepting class, and thus even under the Oversight Board’s own view of the

law it should have to resolicit votes.  Also, we note that there is case law for the proposition that even if an amended

plan adversely impacts only rejecting classes, resolicitation is still required.  See In re America‐CV Station Grp., Inc., 56

F.4th 1302, 1311 (11th Cir. 2023) (“The rule therefore requires additional disclosure and voting if the modification

materially and adversely affects any creditor or interest holder, not just those voting to accept the plan.”).  We don’t

expect to resolve this today.  However, we do believe that this is an issue the Court should decide and the Board should

have to submit a motion explaining its position.  Accordingly, we ask that if the Oversight Board intends to go forward

without a new disclosure or resolicitation, that it propose to us a schedule for briefing on this issue and for it to be heard

by the Court, to take place on an expedited basis after the amended plan is filed.

Second, in coming days we intend to file an urgent motion to lift the litigation stay placed on our September motion to

dismiss or lift the automatic stay, and to file a separate renewed motion to lift the automatic stay.  Please advise of us of

your position on the two motions.  Assuming you oppose, and to comply with the expedited timeline that applies to lift‐

stay motions under 362(e) lift‐stay motions, we propose that the Board’s response to our urgent motion to lift the

litigation stay, the motion to dismiss, and the motion to lift the automatic stay be due 14 days after our motions are

filed, our reply be due 7 days after that, with a hearing held the next week.  We also propose that the parties be allowed

to file a consolidated response and reply to the lift‐stay, the motion to dismiss, and the procedural request to lift the

litigation stay.  Please also advise of us your position on these scheduling and logistical issues.   

Best,

‐Ralph

From: Alonzo, Julia D. <jalonzo@proskauer.com>  

Sent: Monday, June 26, 2023 12:32 PM

To: Dale, Margaret A. <mdale@proskauer.com>; Orseck, Gary A. <GOrseck@KRAMERLEVIN.com>

Cc: Madden, Matthew M. <MMadden@KRAMERLEVIN.com>; John Duffey <John.Duffey@maslon.com>; Lawrence

Larose <LLarose@sheppardmullin.com>; susheelkirpalani@quinnemanuel.com; Licenciado Agrait

<agraitfe@agraitlawpr.com>; Zoé Negrón‐Comas <zoe@emmanuelli.law>; Berezin, Robert <robert.berezin@weil.com>;

DiConza, Maria J. <mdiconza@omm.com>; Mayrell, Ralph C. <RMayrell@KRAMERLEVIN.com>; Bongartz, Alex

Case:17-03283-LTS Doc#:24675-2 Filed:06/27/23 Entered:06/27/23 14:17:02 Desc:

Exhibit 2 Page 6 of 7
7

<alexbongartz@paulhastings.com>; clark.whitmore@maslon.com; William Santiago‐Sastre

<wssbankruptcy@gmail.com>; Laura Arroyo <larroyo@earthjustice.org>; Russell, Mark

<MRussell@KRAMERLEVIN.com>; jrapisardi@omm.com; Olivera, Gabriel L. <golivera@omm.com>; Friedman, Peter

<pfriedman@omm.com>; McKeen, Elizabeth L. <emckeen@omm.com>; Pavel, Ashley <apavel@omm.com>;

lmarini@mpmlawpr.com; cvelaz@mpmlawpr.com; lucdespins@paulhastings.com; Bassett, Nicholas

<nicholasbassett@paulhastings.com>; jcasillas@cstlawpr.com; ifernandez@cstlawpr.com; jnieves@cstlawpr.com;

rgmason@wlrk.com; arwolf@wlrk.com; eakleinhaus@wlrk.com; akherring@wlrk.com; mhcassel@wlrk.com;

rafael.ortiz.mendoza@gmail.com; Rolando Emmanuelli Jiménez <rolando@emmanuelli.law>; Jessica E. Méndez‐Colberg

<Jessica@emmanuelli.law>; Jimenez, Pedro <pedrojimenez@paulhastings.com>; Whitner, William K.

<kwhitner@paulhastings.com>; Stolze, Eric D. <ericstolze@paulhastings.com>; bmd@cordovadick.com;

aqureshi@akingump.com; zlanier@akingump.com; Benjamin Gilbert <bogilbert@sheppardmullin.com>; Justin

Bernbrock <JBernbrock@sheppardmullin.com>; Catherine Jun <CJun@sheppardmullin.com>; Brady, Corey

<Corey.Brady@weil.com>; nzt@mcvpr.com; matt.barr@weil.com; Morgan, Gabriel <gabriel.morgan@weil.com>; Maza,

Shlomo <shlomomaza@paulhastings.com>; cacuprill@cuprill.com; petercheinsr@gmail.com;

sanchez.lebron501@gmail.com; QE‐PREPA <qe‐prepa@quinnemanuel.com>; PREPA KL Team

<PREPAKLTeam@KRAMERLEVIN.com>; pr.assured@cwt.com; Prepateam <prepateam@maslon.com>;

mbienenstock@proskauer.com; Barak, Ehud <ebarak@proskauer.com>; Mervis, Michael T.

<MMervis@proskauer.com>; Stevens, Elliot <EStevens@proskauer.com>; Possinger, Paul V.

<ppossinger@proskauer.com>; DuBosar, Jared M. <JDuBosar@proskauer.com>; Kim, M. Rina <RKim@proskauer.com>;

Firestein, Michael A. <MFirestein@proskauer.com>; Sosa, Javier F. <Jsosa@proskauer.com>; Desatnik, Daniel

<DDesatnik@proskauer.com>; Stafford, Laura <lstafford@proskauer.com>

Subject: RE: [EXTERNAL] Re: PREPA: Meet and confer

All –  

Attached please find our proposed confirmation schedule.   

Thanks,  

Julia  

Julia D. Alonzo

Senior Counsel 

(she/her/hers) 

Proskauer

Eleven Times Square 

New York, NY 10036-8299 

d 212.969.4558 

f 212.969.2900 

jalonzo@proskauer.com

greenspaces 

Please consider the environment before printing this email.  

From: Dale, Margaret A. <mdale@proskauer.com>  

Sent: Monday, June 26, 2023 10:15 AM

To: Orseck, Gary A. <GOrseck@kramerlevin.com>

Cc: Madden, Matthew M. <MMadden@kramerlevin.com>; John Duffey <John.Duffey@maslon.com>; Lawrence Larose

<LLarose@sheppardmullin.com>; susheelkirpalani@quinnemanuel.com; Licenciado Agrait <agraitfe@agraitlawpr.com>;

Zoé Negrón‐Comas <zoe@emmanuelli.law>; Berezin, Robert <robert.berezin@weil.com>; DiConza, Maria J.

<mdiconza@omm.com>; Mayrell, Ralph C. <RMayrell@kramerlevin.com>; Bongartz, Alex

<alexbongartz@paulhastings.com>; clark.whitmore@maslon.com; William Santiago‐Sastre

Case:17-03283-LTS Doc#:24675-2 Filed:06/27/23 Entered:06/27/23 14:17:02 Desc:

Exhibit 2 Page 7 of 7