Judge Won't Boot Argentina Bond Row Negotiator

Law360, Washington (August 5, 2014, 2:09 PM EDT) -- The special master appointed to oversee settlement negotiations in Argentina's ongoing dispute with hedge funds over payouts on about $1.5 billion worth of government bonds can remain in his position, despite opposition from Argentina, a New York federal judge ruled Monday.

While counsel for Argentina had argued at an Aug. 1 hearing that special master Daniel Pollack's July 30 public statement that the negotiations had broken down and would likely lead to a default — with default subsequently declared — had been harmful and prejudicial to...
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