Tag: Thomas Griesa

• Friday, October 23rd 2015 - 08:39 UTC

  Judge Griesa rules in favor of 'me too' Argentine bond holders suing for full payment

  

  U.S. judge ruled on Thursday that holders of $234 million in defaulted Argentine bonds suing for full payment had been treated unequally to creditors who had participated in the country's past restructurings.

• Tuesday, October 6th 2015 - 07:28 UTC

  Victory for Argentina in its ongoing battle with speculative funds

  

  The 2nd US Circuit Court of Appeals in New York refused on Monday to force Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited in 2014 to pay creditors who participated in its past restructurings.

• Thursday, September 17th 2015 - 08:32 UTC

  Appeals court hands victory to Argentina in bonds dispute; questions Judge Griesa's 'class' expansion

  

  A United States federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.

• Tuesday, September 1st 2015 - 06:59 UTC

  US Appeals Court backs Argentina: sovereign immunity for Central bank funds

  

  A US appeals court supported Argentina's appeal Monday against an earlier ruling that could have permitted a group of creditors to seize assets of Argentina's central bank.

• Thursday, August 13th 2015 - 06:45 UTC

  Griesa sanctions Argentina for not turning in information on assets

  

  New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.

• Tuesday, August 11th 2015 - 07:55 UTC

  Argentina wins a battle in its ongoing struggle with hedge funds

  

  Argentina on Monday won a battle in its ongoing struggle with hedge funds holding sovereign bonds. In this case Argentina managed the reversal of a U.S. judge's ruling that a group of bondholders suing over its defaulted debt said entitled them to $700 million.

• Saturday, August 8th 2015 - 08:54 UTC

  Argentine embassy in US launches website on the struggle with 'vulture funds'

  

  The Argentine Embassy in the United States has launched a website to explain the conflict between Argentina and holdout investors commonly referred to as “vulture funds”. The website explains the origins of the conflict, its history, and provides documents and expert opinions on the subject. Its virtual library has until now over 200 documents and 100 independent sources.

• Saturday, June 6th 2015 - 08:00 UTC

  Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

  

  Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.

• Tuesday, June 2nd 2015 - 05:32 UTC

  Argentina states 'lack of confidence' in mediator Pollack named by Judge Griesa

  

  The Argentine government has turned down a plea from mediator Daniel Pollack to return to the negotiating table with holdout investors, with the Economy Ministry considering that talks with the speculative funds, so-called 'vulture funds', would be inappropriate given the behavior of the litigants.

• Tuesday, May 12th 2015 - 06:25 UTC

  Argentina reacts to hedge funds attempt to block a fresh debt emission

  

  Argentina has launched a stinging attack on hedge funds attempting to block payment on last month's Bonar 24 debt issuance, stating that the petition shows the 'vulture funds' desperation following the successful auction.