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Argentina Digs Its Heels in Appeals Court Hearing

Three judges presiding over Argentina’s case versus holdout hedge funds appear to lean toward upholding lower court injunction.

       Elliott Management's Paul SingerBank of New York Mellon Corp.’s lawyer branded it “extraordinary circumstances in our jurisprudence.” Argentina’s lawyer stated it violated “hundreds of years” of legal precedent. And a lawyer representing multibillion-dollar New York hedge funds Elliott Management Corp.’s NML Capital and Aurelius Capital Management, among others, warned it

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