Financial Oversight and Management Bd. for P. R. v. Centro De Periodismo Investigativo, Inc.

Summary

The Supreme Court held that the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) does not abrogate the Financial Oversight and Management Board's sovereign immunity. Applying the clear‑statement rule, the Court found that PROMESA lacks unmistakably clear language stripping the Board’s immunity, and therefore reversed the First Circuit and remanded for further proceedings.