Aug 26 2013 | 10:21am ET
For the second time, a U.S. appeals court has ordered Argentina to pay hedge fund holdouts from its defaulted debt restructuring in full—or default on the new bonds it issued to creditors who accepted that restructuring.
In a sweeping victory for the holdouts, led by Elliott Management, the U.S Second Circuit Court of Appeals in Manhattan rejected Argentina’s proposal to restructure the holdouts’ debt along lines similar to the deal they have already twice rejected.
Dec 5 2013 | 9:51am ET
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