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Description
Argentina, hedge funds far apart as bond hearings restart Judge Griesa will hold a new audience on Friday in New York City for the so-called “me-too” holders of Argentine bonds who are claiming six billion dollars for the bonds they bought post-default in 2001. The “me-toos” are a group of creditors who did not accept the terms of the 2010 restructuring of Argentina’s debt but hadn’t until now taken legal action, unlike other hedge funds who obtained a favorable ruling from Judge Griesa in November 2012 for 1.7 billion dollars. Interview with an expert on the impact of those rulings on Argentina. IMAGES AND SOUNDBITES