Burford-Backed Investors, Argentina Stalemate on Payout at Trial

Argentina and investors at a three-day trial defended proposed payout totals that leave a $6.5 billion gap in what they say shareholders are owed for the nationalization of gas and oil company YPF SA.

The trial ended Friday, with each side doing its best to persuade Judge Loretta A. Preska how high or low the payout should be. Shareholders assess they could be owed as much as $16 billion and Argentina estimates the amount is as much as $9.5 billion. The investors’ case is funded by Burford Capital, which stands to gain a substantial return.

After closing arguments, Judge Preska ...