High Court Urged By SG To Decline Argentina Bond Petition

Law360, New York (May 29, 2012, 4:28 PM EDT) -- The federal government's top litigator told the U.S. Supreme Court on Friday that it shouldn't hear a case brought by investors seeking recoveries from Argentina's 2001 bond default, saying that the country is immune to such litigation and that holding it liable could work against U.S. interests.

U.S. Solicitor General Donald B. Verrilli Jr., responding to an invitation from the high court to express the government’s position, contended that federal law clearly cuts off the plaintiffs' rights to money stored in the Federal Reserve Bank of...
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