Argentine Bondholders Hire Boies to Fight Holdouts, Nacion Says

A group of 10 institutional investors that own Argentina’s restructured bonds has hired U.S. lawyer David Boies to advise them on how to prevent a case involving holders of the country’s defaulted debt triggering a fresh default by the South American country, newspaper La Nacion said, citing two people familiar with the matter.

The group is also considering collecting interest payments in France or Switzerland, beyond the reach of U.S. District Judge Thomas Griesa, who will decide how much Argentina should pay the so-called holdouts when it makes distributions due on the nation’s securities next month, the Buenos Aires-based newspaper said.

Boies didn’t immediately respond to two telephone calls and an e-mail seeking comment.

To contact the reporter on this story: Pablo Gonzalez in Buenos Aires at pgonzalez49@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.