Breyers® Ice Cream Celebrates 150 Years

June 22, 2016

Breyers(R) Ice Cream Celebrates 150 Years

ENGLEWOOD CLIFFS, New Jersey, June 22, 2016 /PRNewswire-HISPANIC PR WIRE/ — Breyers, the oldest nationally available ice cream brand in the United States and maker of America’s No. 1 vanilla ice cream, is celebrating its 150^th birthday this year.

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This is a milestone that few brands have reached and Breyers is celebrating with a birthday bash in Madison Square Park today, Wednesday, June 22. Additionally, the brand has introduced a new variety, Breyers Ice Cream Cake, as well as partnered with celebrity chef Curtis Stone and his wife, actress Lindsay Price Stone, to create recipes that bring families together in the kitchen and celebrate moments with Breyers all year long.

150^th Birthday Party
Today, families are invited to celebrate the brand’s 150^th birthday in Madison Square Park (located at 23^rd to 26^th Streets between Fifth and Madison Avenues). Between 11:00 a.m. and 2:00 p.m., families will have the opportunity to walk through a discovery tour in a life-size Breyers carton and learn about the brand’s history, as well as indulge in free (while supplies last) Breyers ice cream – made with fresh cream, sugar and milk for 150 years.

Grammy Award winning singer / songwriter and actress Kelly Rowland, GIRLS star Allison Williams and star of Jane the Virgin and Broadway’s Chicago, Jaime Camil, will join the festivities at 12:30 p.m.

“We are thrilled to celebrate 150 years of Breyers with families in Madison Square Park today,” said Nick Soukas, director of ice cream at Unilever. “We’re extremely proud of our heritage, which started with William A. Breyer hand-cranking his first gallon of ice cream at his home in 1866. While we have come a long way since then, one thing has remained the same – our commitment to use high-quality ingredients, like milk and cream from cows not treated with artificial growth hormones* and sustainably farmed vanilla beans.”

Partnership with Curtis Stone and Lindsay Price Stone
The party doesn’t end there! Breyers has also partnered with award-winning celebrity chef Curtis Stone and his wife, actress Lindsay Price Stone, to create 12 recipes using Breyers Natural Vanilla, inspired by seasonal ingredients for every month of the year.

From January’s recipe featuring Fortune Cookies and Natural Vanilla Ice Cream with Mandarins and Oranges to December’s Spicy Hot Chocolate Floats, families have a way to celebrate with Breyers all year long. All of Curtis and Lindsay’s 12 recipes featuring Breyers Natural Vanilla can be found on Breyers.com.

New Breyers Ice Cream Cake Variety
To bring the party to freezers across the country, Breyers has launched a new variety, Breyers Ice Cream Cake. The new flavor features Breyers Chocolate Ice Cream and loads of chocolatey crunchies, sandwiched between Breyers Natural Vanilla Ice Cream.

*Suppliers of other ingredients such as cookies, candies & sauces may not be able to make this claim. The FDA states that no significant difference has been shown between dairy derived from rBST-treated and non-rBST-treated cows.

About Breyers^®
For 150 years, consumers have enjoyed the great taste of Breyers^® products, available in over 50 delicious varieties, including Natural Vanilla, which is America’s No. 1 vanilla ice cream, Mint Chocolate Chip, Chocolate Peanut Butter and Natural Strawberry. Breyers^® products are available in grocery stores nationwide for the suggested retail price of $3.99 – $5.99.

About Unilever United States, Inc.
Unilever is one of the world’s leading suppliers of Food, Refreshments, Home and Personal Care products with sales in more than 190 countries and reaching 2 billion consumers a day. In the United States, the portfolio includes brand icons such as: Axe, Ben & Jerry’s, Breyers, Caress, Clear Scalp & Hair Therapy, Country Crock, Degree, Dove personal care products, Fruttare, Good Humor, Hellmann’s, I Can’t Believe It’s Not Butter!, Klondike, Knorr, Lever 2000, Lipton, Magnum, Nexxus, Noxzema, Pond’s, Popsicle, Promise, Q-tips, Simple, St. Ives, Suave, Talenti Gelato & Sorbetto, TIGI, TONI&GUY Hair Meet Wardrobe, TRESemmé and Vaseline. All of the preceding brand names are trademarks or registered trademarks of the Unilever Group of Companies.

Unilever employs approximately 8,000 people in the United States – generating more than $8.5 billion in sales in 2015.

Unilever’s Sustainable Living Plan (USLP) commits to:

Decoupling growth from environmental impact.
Helping more than a billion people take action to improve their health and well-being.
Enhancing the livelihoods of millions of people by 2020.

For more information on Unilever U.S. and its brands visit: www.unileverusa.com
To connect with Unilever U.S. via Facebook visit: www.facebook.com/unileverusa
To connect with Unilever U.S. via Twitter follow: @unileverusa

CONTACT:
For Unilever/Breyers
Alexandra Demers, Golin
[email protected]
312.729.4240

Puerto Rico General Obligation Bondholders Release New Proposal for Consensual Deal on GO Debt

June 21, 2016

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WASHINGTON, June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Certain General Obligation (GO) Bondholders of Puerto Rico have made a new proposal to Commonwealth officials for the restructuring of Puerto Rico’s GO bonds. Under this new proposal, existing GO bonds (approximately $18 billion face amount) would be exchanged for new GO bonds at 89% of the existing face amount, and the Commonwealth’s debt service would be reduced by $2.9 billion over the first five years.

Andrew Rosenberg of Paul, Weiss, Rifkind, Wharton and Garrison LLP, an advisor to the GO bondholders that made this proposal, issued the following statement:

“We believe there is significant bipartisan support in Puerto Rico for this proposal, which gives ‘breathing room’ to Commonwealth leaders by deferring principal payments and reducing contractual interest rates until July of 2022. This proposal shows a clear and continued willingness on the part of GO bondholders to negotiate with the Commonwealth, and avoid an unnecessary July 1 default on General Obligation debt.”

For any media inquiries, contact Miriam Warren at [email protected], (202) 772-2186

Is Your Car Ready for a Road Trip?

June 21, 2016

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BETHESDA, Md., June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — If you are planning a road trip this summer, it’s important to remember that you shouldn’t just put gas in your car and go, says the non-profit Car Care Council. A pre-trip vehicle check can determine how road-ready your vehicle is so you can take steps to have any problems fixed before heading out for vacation.

Before you hit the road, the Car Care Council recommends a vehicle check to help avoid the inconvenience, potential safety hazards and unplanned expense of breaking down miles away from home.

Check filters and fluids, including engine oil, antifreeze/coolant, windshield washer and power steering, brake and transmission fluids. Dirty air filters can waste gas and cause the engine to lose power.
Check the hoses and belts and replace if they become cracked, brittle, frayed, loose or show signs of excessive wear. These are critical to the proper functioning of the electrical system, air conditioning, power steering and the cooling system.
Check the brake system and make sure the battery connection is clean, tight and corrosion-free.
Check the tires, including tire pressure and tread. Underinflated tires reduce a vehicle’s fuel economy and uneven wear indicates a need for wheel alignment. Tires should also be checked for bulges and bald spots.
Check the engine to make sure it is delivering the best balance of power and fuel economy and produce the lowest level of emissions.
Check that the gas cap is not damaged, loose or missing to prevent gas from spilling or evaporating.

“With summer vacation season upon us, a thorough inspection of your vehicle will give you peace of mind and help make your road journey safer,” said Rich White, executive director, Car Care Council. “Taking a few minutes to ‘be car care aware’ will make for a less stressful and more fun adventure.”

The Car Care Council is the source of information for the “Be Car Care Aware” consumer education campaign promoting the benefits of regular vehicle care, maintenance and repair to consumers. For a copy of the council’s Car Care Guide, which is now available electronically, or for more information, visit www.carcare.org.

Refreshed 2017 Acura MDX Launches with Bold New Styling, Premium Features and Standard AcuraWatch™ Technology

June 21, 2016

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TORRANCE, California, June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — The restyled and refreshed 2017 Acura MDX, the best-selling three-row luxury SUV of all time, goes on sale tomorrow at Acura dealerships nationwide with a starting MSRP of $43,950. The 2017 Acura MDX raises its game with bold new exterior styling, larger wheel and tire options and an expanded complement of premium features and technologies, including the AcuraWatch™ suite of advanced safety and driver-assistive technologies, now offered as standard equipment on all 2017 MDX models, a first in the luxury SUV segment.

Featuring refreshed exterior styling inspired by the Acura Precision Concept, the 2017 MDX is highlighted by the new face of Acura, the bold and distinctive Diamond Pentagon grille. Integrated with a more sculpted hood, front fascia, front fenders and revised Jewel Eye™ headlights, the result is a more “executive athletic” appearance for Acura’s class-leading luxury SUV. Additional styling updates include new chrome rocker panel trim, a revised rear bumper and skid garnish, and the return of visible dual exhausts with bright finishers.

“We’re raising the Acura MDX’s game for 2017 with premium new features and technologies that luxury SUV buyers want, complemented by bold, new styling we know they’re going to love,” said Jon Ikeda, vice president and general manager, Acura Division. “Backed by its high-performance credentials, the 2017 MDX has advanced its competitiveness and will continue its legacy of leadership as the best-selling three-row luxury SUV in America.”

Premium Content
All 2017 MDX models benefit from increased standard luxury and technology features, including an Electric Parking Brake with Automatic Brake Hold, Auto High Beam headlights, SiriusXM Radio 2.0, four 2.5-amp USB charging ports and capless fuel filler. Technology and Advance packages add Bi-Directional Keyless Remote Engine Start, two new 20-inch wheel and tire options, power folding side mirrors, and HD Traffic.

In addition, Advance grades add LED fog lights, genuine Olive Ash Burl or Black Limba wood interior trim, a heated steering wheel and Surround-View Camera System with six selectable viewing angles. Advance models can also be equipped with two second-row captain’s chairs and a center console with two additional USB ports for third-row passengers. An ultra-widescreen Rear Entertainment System is also available on models with the Advance ENT Package.

Safety
All 2017 Acura MDX models come equipped with the AcuraWatch suite of safety and driver-assistive technologies: Collision Mitigation Braking System (CMBS), Lane Departure Warning (LDW), Forward Collision Warning (FCW), Lane Keeping Assist (LKAS), Adaptive Cruise Control (ACC) with Low-Speed Follow (LSF) and Road Departure Mitigation (RDM). All models also come equipped with a multi-angle rearview camera, and upper grades add blind spot information (BSI), front and rear parking sensors, Rear Cross Traffic Monitor and new Auto High Beam.

Combining AcuraWatch with Acura’s next-generation Advanced Compatibility Engineering™ (ACE™) body structure, the 2017 MDX delivers intelligent safety and confident driving performance at the top of the competitive segment and targets top safety ratings; a five-star Overall Vehicle Score from the National Highway Traffic Safety Administration (NHTSA) has already been achieved, and a TOP SAFETY PICK+ rating from the Insurance Institute for Highway Safety (IIHS) is anticipated.

Powertrain
The 2017 MDX leads its class with its combination of refined and responsive power and outstanding fuel efficiency. The 3.5-liter direct-injected i-VTEC^® 24-valve V-6 engine is rated at 290 peak horsepower and 267 lb.-ft. peak torque. The 2017 MDX with front-wheel drive and Idle Stop has an EPA fuel economy rating of 20 mpg city/27 highway/23 combined, and MDX with Super Handling All-Wheel Drive (SH-AWD) and Idle Stop is EPA rated at 19 mpg city/26 highway/22 combined. The MDX also meets the stringent EPA Tier 3/Bin 125 and CARB LEVIII ULEV-125 emissions standards.

An available Sport Hybrid Super Handling-All Wheel Drive™ (SH-AWD®) powertrain variant will be available later in the year, making MDX the third model in Acura’s lineup to utilize its revolutionary three-motor Sport Hybrid powertrain with electric torque vectoring.

For More Information
Additional media information including pricing, features and high-resolution photography is available at www.acuranews.com/channels/mdx. Consumer information is available at www.acura.com. To join the Acura community on Facebook, visit facebook.com/Acura.

About Acura
Acura is a leading automotive luxury nameplate that delivers Precision Crafted Performance, an original approach to technology and design that creates a new driving experience. On March 27, 2016, Acura celebrated the 30th anniversary of its launch as the first luxury nameplate from a Japanese automaker.

The Acura lineup features five distinctive models – the RLX luxury flagship sedan, the TLX performance luxury sedan, the ILX sport sedan, the 5-passenger RDX luxury crossover SUV, and the seven-passenger Acura MDX, America’s all-time best-selling three-row luxury SUV. This spring, Acura launched its next-generation, electrified NSX supercar as a new and pinnacle expression of Acura Precision Crafted Performance.

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Does America Need Pre-K Age 4 National Learning Standards?

June 21, 2016

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PRINCETON, N.J., June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — As the nation mulls over this question, a new report from Educational Testing Service (ETS), explores the benefits and challenges of such an effort just as policymakers and educators work to ensure a strong start for our earliest learners.

The report, “Exploring Pre-K Age 4 Learning Standards and Their Role in Early Childhood Education: Research and Policy Implications,” was written by ETS researchers Andrea DeBruin-Parecki and Carly Slutzky. The study is based on a nationwide survey of early childhood state and territory directors and administrators, geographically diverse focus groups, and one-on-one interviews.

“Overwhelmingly, throughout conversations and interviews, early childhood leaders and administrators affirmed their perception of the usefulness of having pre-K age 4 national learning standards,” DeBruin-Parecki writes. “The data indicated that having these standards would allow for more collaboration and communication among states and territories, provide more equitable expectations for all children, allow for consistency in language and organization of standards, and drive effective teaching and professional development.”

“Although conversations around this question were very positive,” she added. “…there were also comments about permitting states to continue to create their own teacher strategies and child examples, decide on their own curricula and assessments, as well as professional development, to allow for their own unique child populations.”

Currently in the United States, 50 states, five territories, and the District of Columbia have established prekindergarten (pre-K) age 4 learning standards that are intended to outline skills and knowledge that set children on a path to success in kindergarten and later on. These standards are a centralizing force in early childhood education, providing a bridge between preschool and the elementary grades. However, unlike the current 43 states and 4 territories that have adopted the Common Core State Standards, elementary, secondary and preschool programs do not have common standards.

Based upon the findings from surveys, focus groups and interviews, the authors offered the following policy recommendations:

design research-based, agreed-upon content for each domain present in standards documents to allow for the evaluation of the content and quality of current pre-K age 4 learning standards across the country
consider use of similar organization and terminology in early learning standards documents to allow for clearer communication and comparisons across states.
encourage alignment across domains beyond language and literacy and mathematics.
plan effective and consistent joint professional development for teachers to promote understanding of the developmental continuum and how to incorporate developmentally appropriate practice into everyday standards-based instruction.
determine methods for evaluating the effects of varying forms of professional development related to standards-based instruction.
discuss the creation of national standards or guidelines as a possible beginning solution to equity issues affecting young children attending standards-based preschools.

“The work ahead for developing national pre-K age 4 standards is going to be a long and difficult process that will involve deep conversation, collaboration, and compromise among U.S. states and territories,” DeBruin-Parecki wrote. “Future research will continue to shine a light on the persistent wide variation in current standards and the inequities in learning opportunities for poor children and their teachers.”

Copies of, “Exploring Pre-K Age 4 Learning Standards and Their Role in Early Childhood Education: Research and Policy Implications,” are available through Wiley Online Library.

About ETS
At ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English language learning, and elementary, secondary and postsecondary education, and by conducting education research, analysis and policy studies. Founded as a nonprofit in 1947, ETS develops, administers and scores more than 50 million tests annually — including the TOEFL^® and TOEIC^® tests, the GRE^® tests and The Praxis Series^® assessments — in more than 180 countries, at over 9,000 locations worldwide. www.ets.org

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National Puerto Rican Coalition to Florida Senators: Oppose Cloture; Vote ‘No’ on PROMESA

June 21, 2016

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WASHINGTON, June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Today, the National Puerto Rican Coalition (NPRC) released the following statement urging United States Senators to vote ‘no’ on the egregious Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) and oppose cloture:

“Throughout the past two weeks, we have heard a consistent message from Senate offices: In private, Senators overwhelmingly oppose PROMESA. However, these Senators are afraid that if they vote against this bill, they will be labeled as someone that contributed to Puerto Rico’s demise, and will be blamed for the island’s economic crisis.

“As leaders from the Puerto Rican communities in the U.S. and on the island, we are here to tell every single U.S. Senator that if they vote against this legislation, they will be viewed instead as the champions who saved the Puerto Rican people. They will be viewed as leaders who stood up against greedy hedge fund managers and their powerful lobbyists, and protected the hard working families of Puerto Rico.

“We know of senior Senators that are quietly working on an alternative legislation that addresses the economic crisis, while protecting the democratic values that we all cherish.

“We strongly urge Florida Senators Marco Rubio and Bill Nelson to vote their conscience and do what is right by voting ‘no’ on the PROMESA legislation and opposing cloture.”

For more information about NPRC’s efforts and the fundamental flaws with PROMESA, visit www.NoPROMESA.org.

In the past 32 years, the National Puerto Rican Coalition, a non-profit organization, has emerged as one of the most respected and effective organizations advocating for the concerns of the Puerto Rican community. NPRC’s mission is to systematically strengthen and enhance the social, political, and economic well-being of Puerto Ricans throughout the United States and in Puerto Rico with a special focus on the most vulnerable.

Democratic National Convention Committee to Convene Midwest Democratic Platform Meeting

June 21, 2016

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2016 Democratic National Convention Committee logo

PHILADELPHIA, June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — On Friday, June 24th and Saturday, June 25th at the St. Louis Grand Hotel in St. Louis, Missouri, the 2016 Democratic Platform Drafting Committee will hold its final meeting, and members will review and discuss a preliminary draft of the Democratic National Platform. The St. Louis meeting marks the third in a series of four regional events designed to engage every voice in the Party. Platform Drafting Chair Rep. Elijah Cummings (D-MD) and DNCC CEO Rev. Leah D. Daughtry will deliver opening remarks at the meeting.

Members of the public interested in attending the events can RSVP online at http://go.demconvention.com/page/s/midwest-forum; seating will be available on a first come, first served basis.

Members of the media interested in attending must RSVP by emailing [email protected] by Thursday, June 23, 2016 at 5:00 PM ET.

WHAT: Democratic National Platform Forum

WHEN: Friday, June 24, 2016
9:00 a.m. CT

Saturday, June 25, 2016
8:30 a.m. CT

WHERE: St. Louis Grand Hotel
800 Washington Avenue, St. Louis, MO 63101
Meeting to be held in the Crystal Ballroom

All Platform forums and meetings will be live streamed at www.demconvention.com/platform and open to press. Members of the media interested in attending must RSVP by emailing [email protected].

About the Democratic National Convention

The 2016 Democratic Convention will be held at the Wells Fargo Center in Philadelphia July 25-28, 2016. Working in partnership with the Philadelphia Host Committee, the City of Philadelphia and the Commonwealth of Pennsylvania, our goal is to make this the most engaging, innovative and forward looking Convention in history. The 2016 Democratic National Convention will leverage technology to take the Convention experience well beyond the hall in an effort to engage more Americans than ever before in the event. With the birthplace of American Democracy as a backdrop, the 2016 convention in Philadelphia will highlight our shared Democratic values and help put the Democratic nominee on a path to victory.

The Democratic Convention is the formal nominating event for the Democratic candidates for President and Vice President. At the Convention, the Democratic Party also adopts the official Democratic Party platform as well as the rules and procedures governing party activities including the nomination process for presidential candidates in the next election cycle.

The CEO for the 2016 Democratic National Convention is Reverend Leah D. Daughtry.

The DNCC will hold platform events in the following locations: Mid-Atlantic – Washington, DC on June 8 and 9 (forum with testimony); Southwest – Phoenix, Arizona on June 17 and 18 (forum with testimony); Midwest – St. Louis, Missouri on June 24 and 25 (drafting committee meeting); Southeast – Orlando, Florida on July 8 and 9 (platform committee meeting). Members of the public will be admitted to platform events on a first come, first served basis.

The official website of the 2016 Democratic National Convention is www.demconvention.com.

MEDIA INTERESTED IN ATTENDING MUST RSVP HERE

CONTACT: Jess Torres, Assistant Press Secretary, 215-964-3616, [email protected]

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Sharemoney Introduces International Money Transfer Services to Peru

June 21, 2016

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Sharemoney Introduces International Money Transfer Services to Peru.

ENGLEWOOD CLIFFS, N.J., June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — The online money transfer service of Omnex Group, Sharemoney, is expanding its international money transfer services to Peru. Sharemoney enables people in the United States to transfer money to friends and loved ones all over the world, including El Salvador, Mexico, Vietnam, the Philippines, and more. With added services to Peru, Sharemoney’s mission of helping immigrants who live and work in the U.S. transfer money back home gains speed.

Photo – http://photos.prnewswire.com/prnh/20160620/381635

2014 data states that more than 449,000 Peruvian immigrants were currently living in the United States. Many of these people regularly send money back home to Peru to conduct business or help support their friends and family, and international money transfer services from Sharemoney can make this process easier and more convenient.

“Our goal has always been to facilitate sending money to back home. Our expanded services to Peru allow us to service more customers,” said Anastasia Rzhevskaya, Marketing Manager at Sharemoney.

Sharemoney’s wire transfers offer convenient delivery methods including cash pickups at Banco de Credito del Peru, Elektra, and Jet Peru is available, as well as bank deposits at Banco de Credito del Peru and Jet Peru. Rates for transferring money start at $4.99.

There’s no exchange rate—users simply send USD to Peru. Sharemoney’s money transfer services offer optimal security, and money can be sent in as little as two minutes. For more information about sending money to Peru, visit online at https://www.sharemoney.com/peru/

ABOUT SHAREMONEY®
Sharemoney® is the online money transfer service of Omnex Group, Inc., a licensed remitter. With over 25 years in the money transfer industry, Omnex and its Sharemoney service offer flexible money transfer options to over 41,000 payout locations around the world. Servicing major countries including Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Peru, the Philippines and Vietnam, Sharemoney allows for families and loved ones to send money in as little as two minutes with the great exchange rates and low fees. To learn more about online money transfers through Sharemoney visit http://www.sharemoney.com.

National Puerto Rican Coalition to Senators: Oppose Cloture; Vote ‘No’ on PROMESA

June 21, 2016

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WASHINGTON, June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Today, the National Puerto Rican Coalition (NPRC) released the following statement urging United States Senators to vote ‘no’ on the egregious Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) and oppose cloture:

“Throughout the past two weeks, we have heard a consistent message from Senate offices: In private, Senators overwhelmingly oppose PROMESA. However, these Senators are afraid that if they vote against this bill, they will be labeled as someone that contributed to Puerto Rico’s demise, and will be blamed for the island’s economic crisis.

“As leaders from the Puerto Rican communities in the U.S. and on the island, we are here to tell every single U.S. Senator that if they vote against this legislation, they will be viewed instead as the champions who saved the Puerto Rican people. They will be viewed as leaders who stood up against greedy hedge fund managers and their powerful lobbyists, and protected the hard working families of Puerto Rico.

“We know of senior Senators that are quietly working on an alternative legislation that addresses the economic crisis, while protecting the democratic values that we all cherish.

“We strongly urge every US senator to vote their conscience and do what is right by voting ‘NO’ on the PROMESA legislation and OPPOSING cloture.”

For more information about NPRC’s efforts and the fundamental flaws with PROMESA, visit www.NoPROMESA.org.

In the past 32 years, the National Puerto Rican Coalition, a non-profit organization, has emerged as one of the most respected and effective organizations advocating for the concerns of the Puerto Rican community. NPRC’s mission is to systematically strengthen and enhance the social, political, and economic well-being of Puerto Ricans throughout the United States and in Puerto Rico with a special focus on the most vulnerable.

General Obligation Bondholders of Puerto Rico File Suit Over Debt Avoidance Legislation

June 21, 2016

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WASHINGTON, June 21, 2016 /PRNewswire-HISPANIC PR WIRE/ — Today, certain entities owning Puerto Rico’s general obligation bonds brought suit in the U.S. District Court for the Southern District of New York, seeking to invalidate the Emergency Moratorium and Financial Rehabilitation Act hastily enacted by the Commonwealth of Puerto Rico.

Mark Stancil of Robbins, Russell, Englert, Orseck, Untereiner & Sauber LLP, the plaintiffs’ counsel, said: “Governor Alejandro Garcia Padilla has willfully violated the first priority guaranteed to general obligation bonds by Puerto Rico’s Constitution and has flouted centuries-old federal constitutional protections for contract and property rights. The Moratorium Act is transparently unlawful.”