Citibank Can't Get Clarification On Argentina Bond Injunction

Law360, Chicago (May 28, 2013, 3:33 PM EDT) -- A New York federal judge on Friday declined to tell Citibank NA whether it must comply with a November order that barred the Argentine government from paying its bondholders, citing an appeal in the underlying dispute over defaulted bonds between the nation and a U.S. hedge fund.

Last week, the New York-based bank had asked for clarification on how the Argentine law bonds held by its Citibank Argentina unit are affected by the restraining order, which barred Argentina from paying all bondholders any proceeds on their investments...
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