WSJ – A group of hedge funds holding €1.3 billion ($1.71 billion) of Argentine government bonds has filed suit against the U.S. bank charged with overseeing payments to the nation’s bond investors, seeking to gain access to interest payments they are owed.
The suit, filed in London’s Chancery Court, names as defendant Bank of New York Mellon Corp. The suit opens up a new front in the decade long war between Argentina and investors including so-called holdout creditors that are seeking payment on bonds the country defaulted on in 2001.
