180806 ORDER RE ERS BH SCHED MOT180806 ORDER RE ERS BH SCHED MOT.DOCX VERSION AUGUST 6,

2018 1 

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO 

----------------------------------------------------------x 

In re: PROMESA 

 Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

 No. 17 BK 3283-LTS 

THE COMMONWEALTH OF PUERTO RICO, (Jointly Administered) 

et al., 

 Debtors.1

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In re: PROMESA 

 Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

 Case No. 17 BK 03566-LTS 

THE EMPLOYEES RETIREMENT SYSTEM 

OF THE GOVERNMENT OF THE 

COMMONWEALTH OF PUERTO RICO, 

 Debtor. 

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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); and (v) Puerto Rico Electric Power Authority 

(“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747). 

(Title III case numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:3747 Filed:08/06/18 Entered:08/06/18 21:17:00 Desc: Main

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180806 ORDER RE ERS BH SCHED MOT180806 ORDER RE ERS BH SCHED MOT.DOCX VERSION AUGUST 6,

2018 2 

ORDER SCHEDULING CERTAIN DEADLINES WITH RESPECT TO THE MOTION OF CERTAIN SECURED 

CREDITORS OF THE EMPLOYEES RETIREMENT SYSTEM FOR RELIEF FROM THE AUTOMATIC STAY

 The Court has received and reviewed the Urgent Motion to Set Supplemental 

Briefing and Discovery Schedule with Respect to Motion of Certain Secured Creditors of the 

Employees Retirement System of the Government of the Commonwealth of Puerto Rico for Relief 

from the Automatic Stay (Docket Entry No. 3738 in Case No. 17 BK 3283-LTS, the “Motion”) 

and the response, joinder, and reply submitted in connection therewith. 

The deadline for the Oversight Board to file a declaration, if any, to supplement 

the record with respect to the diminution of Movants’ collateral as a result of the automatic stay 

and any other issue related to the Motion of Certain Secured Creditors of the Employees 

Retirement System of the Government of the Commonwealth of Puerto Rico for Relief from the 

Automatic Stay (Docket Entry No. 3418 in Case No. 17 BK 3283-LTS, the “Stay Relief 

Motion”) is August 10, 2018 at 5:00 p.m. (Atlantic Standard Time). The parties must meet and 

confer and file by August 20, 2018 at 5:00 p.m. (Atlantic Standard Time) a joint statement 

(1) identifying material disputed issues of fact regarding the attribution of any diminution in 

value resulting from the automatic stay, (2) setting forth deadlines for discovery with respect 

thereto, and (3) setting forth a briefing schedule for supplemental submissions in advance of the 

hearing with respect to the Stay Relief Motion. The final hearing on the Stay Relief Motion will 

be conducted in connection with the omnibus hearing scheduled for September 13, 2018 at 9:30 

a.m. (Atlantic Standard Time). 

Except as set forth above, the Motion is denied in all other respects. This Order 

resolves Docket Entry No. 3738 in Case No. 17 BK 3283-LTS and Docket Entry No. 308 in 17 

BK 03566-LTS. 

 SO ORDERED. 

Dated: August 6, 2018 

 /s/ Laura Taylor Swain 

 LAURA TAYLOR SWAIN

 United States District Judge 

Case:17-03283-LTS Doc#:3747 Filed:08/06/18 Entered:08/06/18 21:17:00 Desc: Main

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