Published January 13, 2015
A U.S. appellate court has dashed Argentina's hopes for a full rehearing of a judge's ruling that it must pay $1.3 billion to the bond investors it calls "vulture funds." Tuesday's ruling denying a rehearing by the full U.S. Second Court of Appeals means Argentina's ongoing appeal will be decided by the same three-judge panel that already mostly ruled against the South American government.
The denial was issued without explanation, in a terse three-sentence order from the full appellate court.
Argentina has until midnight Friday to explain just how it proposes to pay its debts to NML Capital Ltd.
https://www.foxnews.com/world/blow-to-argentina-in-debt-showdown-us-appellate-court-denies-full-rehearing-of-order-to-pay