Singer's NML Files to Block Renewal of Argentine Payments
- Funds say 86 percent of defaulted bond claims are unresolved
- Argentina reached settlement with Montreux Partners, EM Ltd.
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A group of hedge funds fighting to stop Argentina from paying other debt holders before them isn’t backing down.
The hedge funds Thursday urged a U.S. judge to keep in place injunctions blocking Argentina from paying its restructured debt before the country pays them what they’re owed on defaulted bonds.