B1040 (FORM 1040) (12/15)

ADVERSARY PROCEEDING COVER SHEET

(Instructions on Reverse)

ADVERSARY PROCEEDING NUMBER

(Court Use Only)

PLAINTIFFS

AMBAC ASSURANCE CORPORATION

DEFENDANTS

COMMONWEALTH OF PUERTO RICO, FINANCIAL OVERSIGHT 

AND MANAGEMENT BOARD FOR PUERTO RICO, PUERTO 

RICO FISCAL AGENCY AND FINANCIAL ADVISORY 

AUTHORITY, PUERTO RICO HIGHWAYS AND 

TRANSPORTATION AUTHORITY, HON. RICARDO ROSSELLÓ 

NEVARES, RAÚL MALDONADO GAUTIER, JOSÉ IVÁN 

MARRERO ROSADO, GERARDO JOSÉPORTELA FRANCO, JOSÉ 

B. CARRIÓN III, ANDREW G. BIGGS, CARLOS M. GARCÍA, 

ARTHUR J. GONZALEZ, JOSÉ R. GONZÁLEZ, ANA J. 

MATOSANTOS, DAVID A. SKEEL, JR., ELÍAS SÁNCHEZ, and 

JOHN DOES 1-12

ATTORNEYS (Firm Name, Address, and Telephone No.)

Ferraiuoli, LLC, Roberto A. Cámara Fuertes and Sonia E. Colón, PO Box 

195168, San Juan, PR 00919-5168, Tel.: (787) 766-7000; Fax (787) 766-

7001, rcamara@ferraiuoli.com and scolon@ferraiuoli.com

Milbank, Tweed, Hadley & McCloy LLP, Dennis F. Dunne, Andrew M. 

Leblanc, Atara Miller, Grant R. Mainland (pro hac vice forthcoming), 28 

Liberty Street, New York, NY 10005, Tel.: (212) 530-5770, Fax: (212) 

822-5770, ddunne@milbank.com, aleblanc@milbank.com, 

amiller@milbank.com and gmainland@milbank.com

ATTORNEYS (If Known)

PARTY (Check One Box Only)

□ Debtor □ U.S. Trustee/Bankruptcy Admin

x Creditor □ Other

□ Trustee

PARTY (Check One Box Only)

x Debtor □ U.S. Trustee/Bankruptcy Admin

□ Creditor □ Other

□ Trustee

CAUSE OF ACTION (WRITE A BRIEF STATEMENT OFCAUSE OF ACTION, INCLUDING ALL U.S. STATUTES INVOLVED)

28 U.S.C. § 1331, 28 U.S.C. § 1332, 28 U.S.C. §§ 2201 and 2202, 37, Section 106(e) of PROMESA, 28 U.S.C. § 1391, and 48 U.S.C. § 2167.

Declaratory and injunctive relief due to the diversion of pledged special revenues by defendants.

NATURE OF SUIT

(Number up to five (5) boxes starting with lead cause of action as 1, first alternative cause as 2, second alternative cause as 3, etc.)

FRBP 7001(1) – Recovery of Money/Property FRBP 7001(6) – Dischargeability (continued)

□ 11-Recovery of money/property - §542 turnover of property □ 61-Dischargeability - §523(a)(5), domestic support

□ 12-Recovery of money/property - §547 preference □ 68-Dischargeability - §523(a)(6), willful and malicious injury

□ 13-Recovery of money/property - §548 fraudulent transfer □ 63-Dischargeability - §523(a)(8), student loan

□ 14-Recovery of money/property - other □ 64-Dischargeability - §523(a)(15), divorce or separation obligation

 (other than domestic support)

FRBP 7001(2) – Validity, Priority or Extent of Lien □ 65-Dischargeability - other

□ 21-Validity, priority or extent of lien or other interest in property FRBP 7001(7) – Injunctive Relief

FRBP 7001(3) – Approval of Sale of Property □ 71-Injunctive relief – imposition of stay

□ 31-Approval of sale of property of estate and of a co-owner - §363(h) x 72-Injunctive relief – other

FRBP 7001(4) – Objection/Revocation of Discharge FRBP 7001(8) Subordination of Claim or Interest

□ 41-Objection / revocation of discharge - §727(c),(d),(e) □ 81-Subordination of claim or interest

FRBP 7001(5) – Revocation of Confirmation FRBP 7001(9) Declaratory Judgment

□ 51-Revocation of confirmation 91-Declaratory judgment

FRBP 7001(6) – Dischargeability FRBP 7001(10) Determination of Removed Action

□ 66-Dischargeability - §523(a)(1),(14),(14A) priority tax claims □ 01-Determination of removed claim or cause

□ 62-Dischargeability - §523(a)(2), false pretenses, false representation,

 actual fraud

Other

□ 67-Dischargeability - §523(a)(4), fraud as fiduciary, embezzlement,

larceny

□ SS-SIPA Case – 15 U.S.C. §§78aaa et seq.

□ (continued next column) □ 2-Other (e.g. other actions that would have been brought in state court 

if unrelated to bankruptcy case)

□ Check if this case involves a substantive issue of state law □ Check if this is asserted to be a class action under FRCP 23

□ Check if a jury trial is demanded in complaint Demand $

Other Relief Sought

Case:17-03283-LTS Doc#:278-7 Filed:06/08/17 Entered:06/08/17 16:02:40 Desc:

Adversary Proceeding Cover Sheet Page 1 of 2
B1040 (FORM 1040) (12/15)

BANKRUPTCY CASE IN WHICH THIS ADVERSARY PROCEEDING ARISES

NAME OF DEBTOR

The Financial Oversight and Management Board for Puerto Rico as 

representative of the Commonwealth of Puerto Rico

The Financial Oversight and Management Board for Puerto Rico as 

representative of Puerto Rico Highways and Transportation Authority 

BANKRUPTCY CASE NO.

No. 17 BK 3283-LTS

No. 17 BK 3567-LTS

DISTRICT IN WHICH CASE IS PENDING

Puerto Rico

DIVISION OFFICE

Old San Juan

NAME OF JUDGE

Laura Taylor Swain

RELATED ADVERSARY PROCEEDING (IF ANY)

PLAINTIFF DEFENDANT ADVERSARY 

PROCEEDING NO.

DISTRICT IN WHICH ADVERSARY IS PENDING DIVISION OFFICE NAME OF JUDGE

SIGNATURE OF ATTORNEY (OR PLAINTIFF)

DATE

June 8, 2017

PRINT NAME OF ATTORNEY (OR PLAINTIFF)

/s/Roberto A. Cámara Fuertes

Roberto A. Cámara Fuertes (USDC-PR No. 219002)

/s/Sonia E. Colón

Sonia E. Colón (USDC-PR No. 213809)

INSTRUCTIONS

The filing of a bankruptcy case creates an “estate” under the jurisdiction of the bankruptcy court which consists of 

all of the property of the debtor, wherever that property is located. Because the bankruptcy estate is so extensive and the 

jurisdiction of the court so broad, there may be lawsuits over the property or property rights of the estate. There also may be 

lawsuits concerning the debtor’s discharge. If such a lawsuit is filed in a bankruptcy court, it is called an adversary 

proceeding.

A party filing an adversary proceeding must also must complete and file Form 1040, the Adversary Proceeding 

Cover Sheet, unless the party files the adversary proceeding electronically through the court’s Case Management/Electronic 

Case Filing system (CM/ECF). (CM/ECF captures the information on Form 1040 as part of the filing process.) When 

completed, the cover sheet summarizes basic information on the adversary proceeding. The clerk of court needs the 

information to process the adversary proceeding and prepare required statistical reports on court activity.

The cover sheet and the information contained on it do not replace or supplement the filing and service of pleadings 

or other papers as required by law, the Bankruptcy Rules, or the local rules of court. The cover sheet, which is largely selfexplanatory, must be completed by the plaintiff’s attorney (or by the plaintiff if the plaintiff is not represented by an attorney).

A separate cover sheet must be submitted to the clerk for each complaint filed.

Plaintiffs and Defendants. Give the names of the plaintiffs and defendants exactly as they appear on the complaint.

Attorneys. Give the names and addresses of the attorneys, if known.

Party. Check the most appropriate box in the first column for the plaintiffs and the second column for the defendants.

Demand. Enter the dollar amount being demanded in the complaint.

Signature. This cover sheet must be signed by the attorney of record in the box on the second page of the form. If the 

plaintiff is represented by a law firm, a member of the firm must sign. If the plaintiff is pro se, that is, not represented by an 

attorney, the plaintiff must sign.

Case:17-03283-LTS Doc#:278-7 Filed:06/08/17 Entered:06/08/17 16:02:40 Desc:

Adversary Proceeding Cover Sheet Page 2 of 2