Law360, New York (November 26, 2012, 11:27 PM ET) -- A group of bondholders on Monday asked the Second Circuit to stay an injunction by a lower court that prevents them from receiving interest payments on the bonds they purchased from Argentina unless the country starts paying another group of investors the money it owes them.
In an emergency motion for stay, the bondholders, who hold exchange bonds of more than $1 billion, challenged the Nov. 21 injunction by U.S. District Judge Thomas Griesa that prevents them from receiving any payments until a different group investors,...