Monday, May 4, 2015
Judge Griesa orders new hearing for 'me too' bondholders
New York district judge Thomas Griesa has called a new audience for holders of Argentine bonds who did not enter the debt swaps of 2005 and 2010, and who wish to secure full compensation for the titles defaulted on 14 years ago.
The 'me too' creditors, who did not make up the group of litigants led by hedge fund owner Paul Singer which obtained a favourable ruling from Griesa in their battle against Argentina, will meet with the judge on May 29 to make their case to be included in the pari passu definition.
While the exact number of claimants that will participate is unknown, a source from Griesa's chambers told Télam that more than a dozen bondholders could be present for the hearing.
Griesa had previously set the limit for new claims as March 2, upholding a request from the lawyers of the Argentine government to restrict further litigation.
The 'me too' creditors, who did not make up the group of litigants led by hedge fund owner Paul Singer which obtained a favourable ruling from Griesa in their battle against Argentina, will meet with the judge on May 29 to make their case to be included in the pari passu definition.
While the exact number of claimants that will participate is unknown, a source from Griesa's chambers told Télam that more than a dozen bondholders could be present for the hearing.
Griesa had previously set the limit for new claims as March 2, upholding a request from the lawyers of the Argentine government to restrict further litigation.
Keine Kommentare:
Kommentar veröffentlichen