Paul Singer's NML Capital wants Citibank to provide evidence it was threatened by Argentina, as it maintains.
Citigroup could lose its business in Argentina
Citibank’s parent company, Citigroup Inc (NYSE:C), has argued the bank could lose its Argentine business and its executives could face jail if the court doesn’t allow it to pay Argentina’s bondholders. U.S. District Judge Thomas Griesa had previously barred such payments unless defaulted debtholders are also paid.
In court papers filed this weekend, NML Capital, the hedge fund controlled by Singer, is requesting the court to compel Citigroup to deliver evidence supporting claims Argentina threatened the bank measures if it complies with Griesa’s order, Bloomberg is reporting.
NML had said that their legal request is...
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