December 17, 2017
Monday, June 9, 2014

NY Post: Judge Griesa refuses hedge fund request to rebuke Argentina on debt plan

New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week.

The news piece, published last night on The New York Post and signed by Michelle Celarier, affirmed "Singer was enraged by a leaked confidential memo written by the country’s lawyers at Cleary Gottlieb that indicated Argentina was considering defaulting on all of its debt should the Supreme Court decline a request to hear the case."

It added "lawyers for Singer’s Elliott Management called the memo a “smoking gun” that proved Argentina was preparing to disobey the court’s order to pay up."

The article went on to say "Griesa, in refusing to scold Argentina, said the memo was a privileged document between Argentina and its lawyers."

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Tags:  Griesa  Argentina  debt  New York vulture funds  

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