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Argentina Appeals Court Order to Pay ‘Me-Too’ Claims

2015-06-17 5 Dailymotion

In Argentina’s long battle against hedge funds, bondholders who did not originally sue the government are jumping on board after Judge Thomas Griesa’s recent ruling that Argentina must immediately pay $5.4 billion to more than 500 "me-too" holders of defaulted debt before it can pay the majority of its creditors. Analysts say that paying “me-too” funds would cause even greater financial problems for Argentina. The Cristina Fernandez administration is appealing Griesa’s ruling. Leo Poblete reports from Buenos Aires for teleSUR