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MercoPress, en Español

Montevideo, July 26th 2025 - 18:45 UTC

Tag: Judge Loretta A. Preska

  • Wednesday, July 16th 2025 - 09:34 UTC

    Argentina granted a stay by NY court in YPF case

    Tuesday's decision follows rulings against Argentina by Judge Loretta Preska

    The Second Circuit Court of Appeals in New York Tuesday granted Argentina a temporary administrative stay on a ruling that ordered the country to hand over 51% of its shares in the state oil company YPF to various plaintiff funds.

  • Monday, July 14th 2025 - 19:11 UTC

    Judge Preska insists Argentina must pay for YPF expropriation

    Argentina has until Thursday to appeal Monday's ruling

    Judge Loretta Preska of the Southern District of New York Monday upheld her 2023 ruling against Argentina, rejecting the Libertarian Government's request to suspend the transfer of 51% of YPF shares to vulture funds Burford Capital and Eton Park Capital Management. This decision mandates the handover of shares valued at US$16.1 billion and is believed to represent a significant blow to the South American country, potentially leading to the loss of control over its national oil company.

  • Wednesday, March 31st 2021 - 06:22 UTC

    Manhattan judge rules against Argentina over mishandling of INDEC data

    Argentina acted in “bad faith,” Judge Peska ruled. <br />

    US Federal Judge Loretta A. Preska of the United States District Court for the Southern District of New York Tuesday ruled against Argentina and in favour of the plaintiffs with regards to the South American country's handling of the official figures upon which profits were to be measured for the bondholders.

  • Thursday, January 23rd 2020 - 08:54 UTC

    Argentina's ongoing dispute with hedge funds: a legal battle won but it's a long conflict

    Judge Loretta A. Preska ruled contractual terms indicate that the calculations material to Aurelius’s breach of contract must rely on enumerated economic metrics produced by the Argentine government

    A U.S. District Judge dismissed the latest lawsuit filed by Aurelius Capital against Argentina over debt. In January 2019 Aurelius Capital Master Ltd., filed in Manhattan a breach of contract suit against Argentina, related to various U.S. dollar tied, GDP-linked securities issued by the South American country in 2005 and 2010.