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...
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