Skip to content
Subscriber Only

GMO Settles With Ecuador Over Bonds That Defaulted in 2009

Updated on

Grantham, Mayo, Van Otterloo LLC, a Boston-based money manager, dismissed its lawsuit against Ecuador over debt the nation defaulted on six years ago.

The parties agreed to dismiss the suit filed in December in Manhattan federal court, agreeing that each side would pay its own costs and that the complaint wouldn’t be refiled, without disclosing other terms, according to a March 23 court filing.