Argentina: Enter Soros

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A new player enters the litigation picture: Argentina default: George Soros sues US bank in London over $500m payment Hedge funds take legal action against Bank of New York Mellon for freezing payment by Argentina, which has also banned the lender from operating in the country The billionaire investor, who famously “broke the Bank of England” after shorting the pound, is joined by Knighthead Master Fund, RGY International and Kyle Bass’ Hayman Capital Master Fund in the lawsuit against Bank of New York Mellon. According to Bloomberg News, the group owns more than 1.3 billion of euro-denominated bonds. Bank of New York Mellon said: “The suit is without merit. . . .

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