Argentina Loses Bid to Dismiss Lawsuit Over Central Bank Assets
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Argentina lost a bid to throw out a suit in which holders of the nation’s defaulted bonds are seeking a court order to help them seize assets held by the country’s central bank.
U.S. District Judge Thomas Griesa yesterday denied Argentina’s request that he dismiss a suit by NML Capital Ltd. and EM Ltd. asking for a declaration that the Banco Central de la Republica Argentina is an “alter ego” of the country, and therefore liable to pay them almost $2.6 billion.