Nevada Court Order Gives Green Light to NML Capital to Seek Information About Funds Embezzled from Argentina by Lazaro Baez

Media Teleconference

Nevada Court Order Gives Green Light to NML Capital to Seek Information About Funds Embezzled from Argentina by Lazaro Baez

ATFA's Robert J. Shapiro and Lead Counsel Robert A. Cohen offer details of Nevada court order to allow discovery into money laundering by shell corporations operated by Kirchner confidant Báez

ATFA Co-chair Robert J. Shapiro and NML Capital Senior Legal Counsel and Dechert Partner Robert A. Cohen will discuss the U.S. District Court of Nevada's August 11th order in the case of NML Capital Ltd. v. Republic of Argentina which grants NML discovery into the workings of 123 shell corporations allegedly used to launder $65 million of embezzled funds by the government of Argentina into offshore Seychelles bank accounts on a media teleconference, Thursday, August 14, 3 p.m. EDT /4 p.m. ART. The Court order follows an exposé pointing to allegations that Presidents Nestor and Cristina F. Kirchner plotted with construction baron Lázaro Báez to launder tens of millions in funds earmarked for public works through a network of Nevada-based shell corporations controlled by Báez.  The NML proceeding builds upon an early investigation by Argentine prosecutor José María Campagnoli, who was later suspended by judicial authorities. On June 16, the U.S. Supreme Court affirmed that Argentina is not protected from the discovery process by the Foreign Sovereign Immunities Act. What: Nevada Court Allows Discovery into Argentina's Embezzled Funds When: Thursday, August 14 3:00pm EDT/ 4:00pm ART Speakers: Robert J. Shapiro, Chairman, American Task Force Argentina Robert A. Cohen, Partner, Dechert Call-In Numbers: United States/ Canada: +1-800-895-0198, 785-424-1053; Argentina: 0-800-666-0250 Conference ID: Argentina **Please note, if an international site is unable to access the call using the international toll free number for their country, they may dial in using the toll (785) number. NOTE:  RSVP required to media@atfa.org Robert A. Cohen serves as legal counsel to NML Capital for the NML v. Republic of Argentina case and is the immediate past Co-Chair of Dechert's international dispute resolution practice. He has served several times on the firm's Policy Committee. His more than 40 years of experience has included the litigation (including jury trials), arbitration and mediation of complex commercial disputes, often with an international dimension. Mr. Cohen has been regularly recognized by Benchmark Litigation as a "Litigation Star," most recently in the areas of antitrust, intellectual property and general commercial litigation. ###

About the American Task Force Argentina: The American Task Force Argentina (ATFA) is an alliance of organizations united for a just and fair reconciliation of the Argentine government's 2001 debt default and subsequent restructuring. Our members work with lawmakers, the media, and other interested parties to encourage the United States government to vigorously pursue a negotiated settlement with the Argentine government in the interests of American stakeholders.

American Task Force Argentina PO Box 3197 Arlington VA 22203-0197