US judge orders Argentina to transfer YPF shares to help satisfy $16.1 billion judgment
U.S. District Judge Loretta Preska in Manhattan said Argentina must transfer its YPF shares within 14 days to a BNY Mellon custody account, and instruct that bank to transfer the shares within one business day to the plaintiffs.
Argentina has been appealing Preska's September 2023 decision to award the $16.1 billion to Petersen Energia Inversora and Eton Park Capital Management, which are represented by litigation funder Burford Capital (BURF.L), opens new tab.
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