Supreme Court Review 2017/2018 TERM
SATURDAY, NOVEMBER 25, 2017
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Issue:  Applicability of Chapter 9 Preemption to Puerto Rico

Puerto Rico v. Franklin California Tax-Free Trust

15-233

QUESTION(S) PRESENTED

Whether Chapter 9 of the federal Bankruptcy Code, which does not apply to Puerto Rico, nonetheless preempts a Puerto Rico statute creating a mechanism for the Commonwealth’s public utilities to restructure their debts.

DECISION

Decided June 13, 2016 HOLDING

Section 903(1) of the Bankruptcy Code pre-empts Puerto Rico’s Recovery Act.

Dissent Author image Justice Sotomayor
Dissent Author Sotomayor
Agree image Justice Breyer
Agree Breyer
Author image Justice Thomas
Author Thomas
Recused image Justice Scalia
Recused Scalia
Agree image Chief Justice Roberts
Agree Roberts
Agree image Justice Kennedy
Agree Kennedy
Agree w/ Soto image Justice Ginsburg
Agree w/ Soto Ginsburg
Recused image Justice Alito
Recused Alito
Agree image Justice Kagan
Agree Kagan

THOMAS, J., delivered the opinion of the Court, in which ROBERTS, C. J., and KENNEDY, BREYER, and KAGAN, JJ., joined. SOTOMAYOR, J., filed a dissenting opinion, in which GINSBURG, J., joined. ALITO, J., took no part in the consideration or decision of these cases.

Text of Opinion
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ORAL ARGUMENT

Argued March 22, 2016

Appearences
On Behalf of Petitioners Commonwealth of Puerto Rico, et al.
Christopher Landau, Esq.
On Behalf of Respondents Franklin California Tax-Free Trust, et al.
Matthew D. McGill, Esq.
Transcript
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Merit Briefs
Brief for Petitioners the Commonwealth of Puerto Rico, Alejandro Garcia Padilla, as Governor of the Commonwealth of Puerto Rico (pdf download)
Brief for Petitioners Melba Acosta-Febo, as Government Development Bank for Puerto Rico Agent, and John Doe, in his Official Ca (pdf download)
Brief for Respondent BlueMountain Capital Management, LLC (pdf download)
Brief for Franklin Respondents (pdf download)
Reply Brief for Petitioners the Commonwealth of Puerto Rico, et al (pdf download)
Reply Brief for Petitioners Melba Acosta-Febo, et al (pdf download)
Amicus Curiae Briefs
Amicus Brief for the Colegio de Abogados y Abogadas de Puerto Rico and the Puerto Rican Bar Association, Inc supporting Petitioners (pdf download)
Amicus Brief for Fundacion Angel Ramos, Inc et al supporting Petitioners (pdf download)
Amicus Brief for Gregorio Igartua supporting Petitioners (pdf download)
Amicus Brief for LatinoJustice PRLDEF et al supporting Petitioners (pdf download)
Amicus Brief for Professors Clayton P Gillette and David a Skeel, Jr supporting of petitioner (pdf download)
Amicus Brief for the Puerto Rico Electric Power Authority supporting Petitioners (pdf download)
Amicus Brief for Puerto Rico Manufacturers Association supporting Petitioners (pdf download)
Amicus Brief for the Association of Financial Guaranty Insurers supporting Respondents (pdf download)
Amicus Brief for the Chamber of Commerce of the United States of America supporting Respondents (pdf download)
Amicus Brief for Scotiabank de Puerto Rico, as Agent for Local Bank Lenders to PREPA, supporting Respondents (pdf download)

PROCEEDING BELOW

United States Court of Appeals for the First Circuit
Decided July 6, 2015
pdf download