Argentina Can't Carry Out Bond Exchange Plan, Judge Says

Law360, New York (October 3, 2013, 11:17 PM EDT) -- A New York federal judge on Thursday barred Argentina from allowing holders of restructured bonds to exchange them for securities payable within that country, saying the plan would violate his orders in a lawsuit seeking to compel Argentina to pay nearly $1.4 billion to holdout creditors seeking repayment on defaulted bonds. 

U.S. District Judge Thomas P. Griesa ruled that Argentina's bond exchange plan, announced by its President Cristina Fernandez de Kirchner in a nationally televised address Aug. 26, would be a direct violation of his previous...
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