Argentina On Hook For Investor Losses From Bond Default

Law360, New York (August 11, 2011, 3:48 PM EDT) -- A New York federal judge determined Thursday that Argentina was liable for losses a class of investors suffered following the country's 2001 bond default, but said he would decide at a later date exactly how much the country owed.

U.S. District Judge Thomas P. Griesa granted a motion for partial summary judgment filed by lead plaintiff, Luigi Daeilli, who bought into a $1 billion bond sold by Argentina in 2000. The country did not dispute that it was liable for the losses, but rather that the...
To view the full article, register now.




Case Information

Case Title

Daelli et al v. The Republic of Argentina

Case Number



New York Southern

Nature of Suit

Stockholders Suits


Thomas P. Griesa

Date Filed

March 22, 2005

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.