Laura Taylor Swain – A Pioneering Judge in the Southern District of New York and Her Role in Key Legal Decisions
Laura Taylor Swain's Impact on Puerto Rico's Financial Restructuring Judge Laura Taylor Swain and Puerto Rico Swain's work extends beyond the mainland U.S., particularly in Puerto Rico, where she has played a central role in overseeing the island’s financial restructuring. Puerto Rico, burdened with significant public debt, entered a unique legal process known as "Title III" under the PROMESA Act, and Judge Swain was appointed to manage this process. Her role has been pivotal in facilitating negotiations between Puerto Rico's government and its creditors, aiming to find a solution to the island's debt crisis. In 2024, Swain ordered mediation to resolve ongoing disputes, a decision that reflects her thoughtful approach to complex financial cases. What is Judge Laura Taylor Swain's latest ruling in 2024? In November 2024, Judge Swain found New York City in contempt of court due to inadequate conditions at Rikers Island and the city's failure to comply with court orders. She is moving closer to a federal receivership to take control of the jail system.
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