Argentina Wins Discovery Stay in $16 Billion US Court Case (2)

Argentina won an order blocking holders of a $16.1 billion US judgment against it from seeking information on seizable assets until a federal appeals court in New York rules on the South American nation’s challenge to the award.

The US Second Circuit Court of Appeals on Wednesday paused efforts by former YPF SA shareholders backed by litigation funder Burford Capital to obtain the communications of current and former Argentine officials or pursue evidence related to the location of gold bars the country’s central bank moved overseas.

US District Judge Loretta Preska awarded the judgment, which has since swelled to more ...