High Court Rejects Argentina's Appeal In $1.4B Bond Fight

Law360, New York (October 7, 2013, 12:23 PM EDT) -- The U.S. Supreme Court on Monday elected not to hear the Republic of Argentina's appeal of a Second Circuit ruling declaring the country must pay nearly $1.4 billion to holdout creditors suing for full repayment on defaulted bonds.

The high court's decision to not hear the case does not mean that two hedge funds battling the Argentine government over its 2001 debt restructuring — Aurelius Capital Management LP and NML Capital Ltd., a unit of hedge fund magnate Paul Singer's Elliott Management LLC — is complete,...
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