On Friday, April 24, 2015, the credit-rating agency, Standard & Poor’s (S&P), downgraded Puerto Rico’s general-obligation bonds further into "junk" level territory from a B rating down to a CCC+ grade, making it even more difficult for the financially distressed island to borrow money and dig out from its severe financial problems. This grading means […]

In a recent Reuters' article, Miguel A. Ferrer, the former chairman of UBS Financial Services Inc of Puerto Rico, a unit of UBS AG, told a meeting of their brokers on June 2, 2011, in San Juan, that they needed to change their mindset or leave. This was according to an audio recording in Spanish […]

In an October 28th. 2014, InvestmentNews article by Mason Braswell, "UBS Facing Nearly $1 billion in Puerto Rico Claims," attorney Lars Soreide of Soreide Law Group is quoted by the author commenting on the cases he has filed in the alleged UBS Puerto Rico bond fraud. Soreide Law Group is still actively filing select UBS […]