Investors ask US Supreme Court to revive YPF judgment
Investment firms have petitioned the United States Supreme Court to reinstate a massive sixteen billion dollar judgment against Argentina. The legal battle stems from the nationalization of oil company YPF in twenty twelve. Petitioners argue foreign nations should not evade U.S. liability.
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Investment firms Petersen Energia and Eton Park petitioned the United States Supreme Court on Wednesday to reinstate a $16.1 billion judgment against Argentina in the long-running YPF S.A.-SPONSORED ADR litigation. The petition seeks to overturn a March decision by the 2nd U.S. Circuit Court of Appeals, which held the claims belonged in domestic courts. That decision overturned a judgment entered after more than a decade of legal battles.
