by on August 9, 2025
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<br>NEW YORK, June 30 (Reuters) - A U.S. judge on Monday ordered <a href="https://www.gameinformer.com/search?keyword=Argentina">Argentina</a>; to give up its 51% stake in oil and gas company YPF, to partially satisfy a $16.1 billion court judgment against the cash-strapped country.
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 <a href="https://slashdot.org/index2.pl?fhfilter=plaintiffs">plaintiffs</a>;.
Argentina has been appealing Preska's September 2023 decision to award the $16.1 billion <a href="https://jetblacktransportation.com/">limo from nj to nyc</a> Petersen Energia Inversora and Eton Park Capital Management, which are represented by litigation funder Burford Capital.
(Reporting by Jonathan Stempel in New York Editing by Mark Potter)
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