Argentina Asks High Court To Overturn $1.4B Debt Order

Law360, Los Angeles (February 18, 2014, 9:53 PM EST) -- The Republic of Argentina on Tuesday asked the U.S. Supreme Court to overturn a lower court's order directing it to pay close to $1.4 billion to investment firms and a hedge fund that hadn't participated in Argentina’s debt restructurings, warning the order might lead to another default.

In a petition of writ for certiorari, Argentina alleged the high court must intervene in its dispute with NML Capital Ltd., an affiliate of hedge fund magnate Paul Singer's Elliott Management Corp., because Second Circuit and New York federal...
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