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BNY Doesn't Have To Turn Over $539M To Argentina Creditors

By Kurt Orzeck (October 27, 2014, 9:02 PM EDT) -- A New York federal judge on Monday refused to allow a group of creditors to tap into $539 million in Argentina bond payments, held by Bank of New York Mellon Corp., to satisfy money judgments against the country, ruling they can't do so because the funds are located outside the U.S....

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