A unanimous three-judge panel affirmed a lower court’s finding that investors were owed reversionary interests in collateral backing the bonds, which recently matured.
August 22, 2024 at 04:27 PM
3 minute read
The original version of this story was published on New York Law Journal
Argentina must turn over more than $300 million in cash to bondholders, the U.S. Court of Appeals for the Second Circuit ruled on Wednesday.
A unanimous three-judge panel affirmed a lower court’s finding that investors were owed reversionary interests in collateral backing the bonds, which recently matured.
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U.S. Court of Appeals for the Second Circuit Judge Michael Park. Photo by Diego M. Radzinschi/ALM
