High Court Holds Off On Argentina Bond Appeal Action

Law360, New York (October 1, 2013, 5:35 PM EDT) -- The U.S. Supreme Court on Tuesday took no action on the Argentine government’s appeal of a Second Circuit ruling declaring the country must pay nearly $1.4 billion to holdout creditors suing for full repayment on defaulted bonds.

The high court had said in September it would consider hearing the appeal, but the case was not mentioned Tuesday in a list of eight cases the court intends to hear in its new term, which starts Oct. 7.

While the Supreme Court’s inaction doesn’t necessarily spell defeat for...
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