A federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.
September 17, 2015 at 08:00 AM
1 minute read
A federal appeals court handed Argentina a victory Wednesday in its quest to relieve itself of the pressures of debt owed to American hedge funds and others, saying a judge went too far by letting some bondholders demand payment without proving how much they are entitled to be paid.
The U.S. Court of Appeals for the Second Circuit said a lower-court judge was oversimplifying the definition of the class of bond holders affected by his orders.
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