Burford Capital Eyes Billions in Payout for Argentina Suit (1)

Argentina heads to federal court Wednesday in New York to determine how much it owes investors after nationalizing gas and oil company YPF SA.

A sizeable award would be a victory for Burford Capital Ltd., a litigation funder that financed an investor lawsuit against Argentina that won a favorable ruling in March.

During this week’s three-day trial in front of Judge Loretta A. Preska, Argentina and the investors will present their arguments for how low or high the award should be. Burford said in an April statement that the award could be worth more than $7.5 billion.