US District Judge Thomas Griesa in Manhattan ruled in favor of plaintiffs in 49 of the 51 "me-too" lawsuits who are seeking the same relief as holdout bondholders, including several hedge funds, that won a court ruling directing Argentina to pay them $1.33 billion plus interest.

Friday, October 30, 2015

US judge orders Argentina to pay to “me too” bondholders

New York district judge Thomas Grieas today ruled Argentina must make payments to holders of several billion dollars of its defaulted bonds, whenever it pays bondholders who took part in prior restructurings.

US District Judge Thomas Griesa in Manhattan ruled in favor of plaintiffs in 49 of the 51 "me-too" lawsuits who are seeking the same relief as holdout bondholders, including several hedge funds, that won a court ruling directing Argentina to pay them $1.33 billion plus interest.