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US judge threatens to declare Argentina in contempt

Lawyer Robert A. Cohen (R) of the law firm Dechert, which is representing NML Capital, a unit of Elliott Management, one of the Argentina bond holder holdouts, leaves the US Federal Courthouse in New York, after a hearing on August 8, 2014The US judge presiding over Argentina’s debt dispute with two American hedge funds threatened Friday to hold the country in contempt of court for “false and misleading” statements. The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds.

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