U.S. court rejects Argentina's contempt appeal in debt fight


  • World
  • Wednesday, 08 Apr 2015

NEW YORK (Reuters) - A U.S. court on Tuesday dismissed as premature Argentina's appeal of a federal judge's order finding the country in contempt for taking steps to evade his orders in a long-running dispute with hedge funds suing over defaulted debt.

U.S. District Judge Thomas Griesa last year ruled the South American country in contempt after he said it took "illegal" steps to sidestep his orders barring it from making interest payments on restructured debt until it settled with the funds.

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