Tag: US Supreme Court

• Monday, June 16th 2014 - 05:34 UTC

  Argentina hopeful US Supreme Court will take the hedge funds holdouts case

  

  US Supreme Court is likely to issue a ruling in the upcoming months favoring Argentina’s position in the country’s dispute against hedge funds ('vulture funds'), anticipated former Argentine Finances Secretary Guillermo Nielsen.

• Friday, June 13th 2014 - 08:26 UTC

  US Supreme Court decision of Argentina/hedge funds case delayed until Monday

  

  The US Supreme Court will reveal its decision on Argentina's request regarding litigation with the hedge funds case on Monday at 10.30am, after deliberating on Friday behind closed doors. A final outcome could arrive as late as next year though, if the judges decide to ask the US government for an opinion on the case before ruling.

• Friday, June 13th 2014 - 07:44 UTC

  US Supreme Court rules 8-0 against Coca Cola for 'false, misleading label'

  

  The United States Supreme Court on Thursday sided with juice maker Pom Wonderful in its long-running false advertising dispute with the Coca-Cola Co., a decision that could open the door to more litigation against food makers for deceptive labeling.

• Monday, June 9th 2014 - 20:52 UTC

  Positive scenario for Argentina's decisive battle with hedge funds later this week

  

  New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.

• Wednesday, June 4th 2014 - 07:43 UTC

  Over 100 British MPs come out in support of Argentina and condemn 'vulture funds'

  

  More than 100 British Members of Parliament have signed a resolution of support for Argentina in the fight against hedge fund holdout investors, and warned that if the United States Justice System ruled against the nation it could fall into default.

• Monday, June 2nd 2014 - 07:33 UTC

  Argentina confident US Supreme Court will take its litigation case with hedge funds

  

  President Cristina Fernandez administration has high hopes that the US Supreme Court will take its long running litigation case with holdout hedge funds that refused to accept sovereign debt rescheduling after Argentine defaulted in 2001.

• Saturday, May 31st 2014 - 06:50 UTC

  Argentina tells Judge Griesa it has no plans to evade paying holdouts

  

  Argentina's lawyers tried on Friday to assure a US federal judge that it would not evade orders to pay 1.33 billion dollars to bondholders who refused to accept its debt-restructuring offers, if the US Supreme Court (on 12 June) declines the case.

• Friday, May 9th 2014 - 07:11 UTC

  Holdout bondholders tell US Supreme Court Argentina's case is “undeserving of review”

  

  Holders of Argentine sovereign debt this week asked the U.S. Supreme Court not to hear that country's appeal of lower court decisions ordering it to pay them 1.33 billion dollars in a case Argentine officials warn could force it to default on its sovereign debt.

• Wednesday, April 30th 2014 - 03:49 UTC

  Holdout hedge funds admit they prefer to negotiate with whoever succeeds Cristina Fernandez

  

  Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.

• Tuesday, April 22nd 2014 - 06:45 UTC

  US Supreme Court inclined to limit disclosure of Argentine non-US assets

  

  US Supreme Court justices seemed to indicate on Monday that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to hedge bond investors. The US administration of President Barack Obama sided with Argentina based on the foreign sovereignty immunity act.