Argentina Loses Bid for Full-Court Rehearing on Bonds
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Argentina’s request that the full federal appeals court in New York reconsider a ruling by a three-judge panel was denied in a case involving $1.3 billion in defaulted bonds.
The U.S. Court of Appeals in Manhattan today said the full court won’t rehear the appeal, leaving in place an Oct. 26 ruling that bars Argentina from treating restructured-debt holders more favorably than holders of the repudiated debt. The court is separately considering a related appeal, argued last month, about the details of how a lower court may enforce the October ruling.