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Published 1 month ago

Argentina beats hedge funds’ lawsuits in New York over nonpayments

Summary by Blue Water Healthy Living
NEW YORK (Reuters) – Argentina won the dismissal of six lawsuits by Aurelius Capital Management and other hedge funds accusing the South American country of skipping payments on securities linked to how well its economy performs. In a decision made public on Monday, U.S. District Judge Loretta Preska in Manhattan said the hedge funds had no right to sue because they failed to meet five preconditions required under “no-action” clauses in its …

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