October 27, 2014
A New York federal judge on Monday refused to allow a group of creditors to tap into $539 million in Argentina bond payments, held by Bank of New York Mellon Corp., to satisfy money judgments against the country, ruling they can't do so because the funds are located outside the U.S.
October 10, 2014
A group of creditors attempting to tap into $539 million in Argentina bond payments to satisfy money judgments against the country said on Thursday that Bank of New York Mellon Corp.'s argument that they cannot do so because Argentina has no interest in the money being held is "baseless."
September 22, 2014
The Bank of New York Mellon Corp. asked a New York federal judge on Monday to prevent a group of creditors from tapping into the $539 million in Argentina bond payments to satisfy money judgments against the republic, arguing it should continue maintaining control of the funds.