Steve Vladeck






These cases had been closely watched by everyone with financial interests in Puerto Rico because of the potential implications of a ruling that the oversight board Congress created in response to the financial crisis was unconstitutionally created -- and the massive uncertainty such a decision could have caused for all manner of contracts, investments, and debts, by upholding the board's composition, the Supreme Court today has taken the air out of challenges to the board -- such that its work can proceed apace.

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