Mar
27
Hedge Funds Dealt Setback as U.S. Sides With Argentina on Defaulted Bonds
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Argentina has agreed to pay $4.7 billion to four hedge funds, including Paul Singer’s NML Capital.CreditBrendan McDermid/Reuters
The United States government has weighed in on the legal battle between Argentina and a group of New York hedge funds, lending its support to the struggling country and dealing a setback to the investors.
In a “friend of the court” or amicus curiae, brief filed on Wednesday at the United States Court of Appeals for the Second Circuit in New York, the Justice Department said it supported an American federal judge’s decision to lift an injunction that had prevented Argentina from raising new money in the bond markets or paying its creditors…
Hedge Funds Dealt Setback as U.S. Sides With Argentina on Defaulted Bonds
