Argentina Can't Shake US Class Action Over YPF Fight

Law360, Los Angeles (September 06, 2013, 9:11 PM ET) -- A New York federal judge refused Friday to dismiss a class action accusing Argentina of violating shareholder agreements when it nationalized Spanish oil giant Repsol YPF SA's Argentine operation in May 2012, despite the country's contention that an alleged nondisclosure didn't constitute commercial activity.

U.S. District Judge Thomas P. Griesa refused to dismiss the suit, saying his order was based on in-court arguments that took place earlier in the day.

Argentina has argued that Repsol's claim wasn't based upon the sale of securities but rather upon...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Repsol YPF, S.A. v. Republic of Argentina


Case Number

1:12-cv-04018

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Thomas P. Griesa

Date Filed

May 21, 2012

Law Firms

Companies

Government Agencies