Wednesday, October 28, 2015

New York hearing with vultures ends

A hearing called by New York judge Thomas Griesa between representatives of Argentina and lawyers of the country's creditors finished this afternoon with no decisions taken.

ambito.com reported the justice will define within 10 days from now the amount of the Argentine debt, after the so called "me too" bondholders requested the same relief as several hedge funds such as Paul Singer's NML Capital, who had secured a ruling ordering Argentina to pay it $1.33 billion plus interest.

Griesa had scheduled a hearing for today to determine whether to expand the order to apply to other creditors who he ruled were not treated equally as the restructured bond holders.