Law360, New York (September 11, 2015, 4:41 PM ET) -- Attorneys representing bondholders who have obtained court judgments on defaulted Argentine debt urged the Second Circuit Friday to allow them to tap into $539 million held by Bank of New York Mellon Corp., arguing they should be afforded priority status over the country's other creditors.
During a hearing in Manhattan, counsel representing two groups of bondholders told a three-judge panel that it should overturn a 2014 order by U.S. Judge Thomas P. Griesa blocking them from tapping a substantial portion of the funds in the BNY...