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Cofina bondholders sue Bank of NY Mellon
They argue Bank of NY Mellon turned a blind eye to alleged violations by the government
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This content was published more than 8 years ago.
23 de diciembre de 2024
77°nublado
Plebiscite The dispute around the existence and operation of the Puerto Rico Sales Tax Financing Corporation (Cofina, by its Spanish acronym) took a more complex turn this week when two investment firms accused that entity’s trustee, Bank of New York Mellon (BONY), of conflict of interest, breach of contract, and fiduciary duty, and even of squandering of funds.
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