Hedge Funds Renew NY Lawsuit Over Argentine GDP-Linked Notes

Aurelius Capital Management and other hedge funds renewed previously dismissed claims against Argentina seeking some $1.3 billion in payments on a series of GDP-linked warrants, according to court documents filed Wednesday.

• Aurelius and other funds say they are now in compliance with a “no-action clause” in the securities agreement requiring note holders to meet certain preconditions before filing suit
  • Earlier this year, a US judge dismissed the funds’ original case for failure to satisfy the “no-action clause”
  • NOTE: April 1, Argentina Defeats Hedge Fund Suits Over GDP-Linked Warrants
• The case is Aurelius Capital Master, Ltd. et al v. The Republic ...