US Backs Argentina’s Bid to Temporarily Block YPF Handover

The US government supported Argentina’s request to delay a New York federal judge’s order requiring Argentina to turn over its controlling stake in YPF SA to holders of a $16 billion judgment against the South American nation.

In a filing late Thursday in the US Court of Appeals for the Second Circuit, Justice Department lawyers said allowing the June 30 ruling by US District Judge Loretta Preska to take effect could irreparably harm Argentina.

“If Argentina complies with the turnover orders and transfers the YPF shares to judgment creditors in the United States, Argentina may lose the ability to reclaim ...