US Backs Argentina in Discovery Fight in $18 Billion YPF Case

The US government urged a federal judge not to find Argentina in contempt for allegedly failing to turn over officials’ texts and emails to former YPF SA shareholders seeking to collect a $18 billion judgment against the Latin American country.

Backed by litigation funder Burford Capital, the former shareholders won a 2023 ruling that Argentina violated their rights in a 2012 nationalization of oil company YPF. But the plaintiffs have struggled to collect the award. They have been seeking texts and emails by officials they say may show that Argentina’s state-owned banks and airline are “alter egos” for the ...