NEW YORK--(BUSINESS WIRE)--The following is a statement from Franklin Advisers, Inc. and OppenheimerFunds: The United States Court of Appeals for the First Circuit on July 7 unanimously ruled for bondholders when it invalidated Puerto Rico's Debt Enforcement and Recovery Act as pre-empted by the Federal Bankruptcy Code. Puerto Rico had adopted the Act to compel a restructuring of over $18 billion in bonds issued by the Commonwealth's electric, sewer and highway corporations. The decision protec
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