AMERICAS DISTRESS DAILY: FOMB Members’ Firing Ruled Unlawful

The Trump Administrationoverstepped its authority when it fired members of Puerto Rico’s financial watchdog, a federal judge in Puerto Rico ruled, saying the White House didn’t provide cause.

In Other News:

• Tricolor appears to have been a “pervasive fraud” of “extraordinary proportion,” a lawyer helping oversee the bankrupt subprime auto lender’s liquidation said in court.
• Stoli Group’s US arm and bourbon affiliate Kentucky Owl were unable to convince a judge to approve their bankruptcy exit plan following a lengthy trial.
• A Trane Technologies unit asked a bankruptcy judge to let it investigate an asbestos claimants’ committee following the disclosure ...