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Argentina held in contempt in debt case

Published by Yahoo on Tue, 30 Sep 2014


By Joseph Ax and Nate Raymond NEW YORK (Reuters) - Argentina is in contempt of court, a U.S. judge ruled on Monday, the latest step in a years-old case brought by the U.S. hedge funds over defaulted debt. U.S. Judge Thomas Griesa in New York held off on any decision on fines or sanctions against the South American country, which in July fell into its second sovereign default in 12 years and has long been at odds with Griesa's decisions and adopted a law aimed at evading them. ...
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