Tag: Holdout funds

Holdout funds
Tuesday, June 25th 2013 - 23:33 UTC

Argentina appeals to US Supreme Court its legal battle with ‘holdout’ creditors

Will the busy US Supreme Court  take the case?

Argentina took on Tuesday its legal battle with “holdout” creditors to the US Supreme Court by appealing an adverse decision handed down by a lower US court in October of last year, according to Telam the official news agency from the Argentine government.

Saturday, April 20th 2013 - 08:39 UTC

US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

NML Capital and Aurelius, which are seeking 1.3 billion dollars, had been expected to reject the offer

Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.

Monday, December 3rd 2012 - 04:54 UTC

Holdout funds want Argentina to deposit 250m by December 10

Paul Singer from NML Capital is asking for a proof of good faith from Argentina

Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending.

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