Argentina Must Obey US Court Order To Pay $1.4B, Judge Says

Law360, New York (November 9, 2012, 7:47 PM EST) -- A New York federal judge on Friday warned Argentina not to defy a court ruling that it must pay $1.4 billion to private equity firms that own defaulted Argentine debt, a response to the country's president's reported vow that she will not pay.

U.S. District Judge Thomas P. Griesa told Argentina's lawyers at a hearing in Manhattan that the court will not tolerate attempts to evade a ruling that the country must compensate bondholders who chose not to participate in 2005 and 2010 deals to restructure...
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