Citibank Seeks Clarity On Argentina Bond Injunction

Law360, New York (May 24, 2013, 4:55 PM EDT) -- Citibank NA on Thursday asked a federal judge to clarify that it is not forced to comply with a November order that barred the Argentine government from paying holders of its bonds in a dispute with a U.S. hedge fund.

Citibank is seeking a further clarification that Argentine law bonds that the New York-based bank holds in its Citibank Argentina unit are not touched by a restraining order Judge Thomas Griesa of federal district court in Manhattan slapped on the South American nation in November. That...
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