Burford Seeks Argentina's YPF Stake to Pay $16 Billion Award [Yahoo! Finance]
The Bank of New York Mellon Corporation (BK)
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Has Only $6.8 Million for Legal Fees With Trial Underway TikTok to Remove Executive Tasked With Fending Off US Claims Ray Dalio's Famous Trade Is Sputtering and Investors Are Bailing US Dollar's Extended Reign Delivers Stark Wake-Up Call for Markets S&P 500 Tops 5,000 as Earnings Kick Into High Gear: Markets Wrap In a motion filed Monday in New York, Burford asked US District Judge Loretta Preska to grant it the 51% stake in YPF currently held by Argentina's federal and provincial governments. Preska is also the judge who in September issued the judgment that Burford is now trying to collect. Burford had sought to keep its filings secret, saying that news of its collection effort could impede efforts to resolve the issue. It would also attract attention in Argentina “because the motion calls into question the republic's continued majority ownership and control over YPF,” Burford said in a court filing. Argentina opposed. Preska declined
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