BY BRENT KENDALL AND SHANE ROMIG
The U.S. Supreme Court on Monday declined to hear an appeal by the government of Argentina that sought to fend off holdout creditors trying to collect on the country's defaulted debt.
The court's action is a setback for the Argentine government in its yearslong battle with hedge funds and other holdouts that refused to accept the country's debt-restructuring offers after a historic default in 2001.
The case, however, is far from over. Argentina likely will have another opportunity to petition the Supreme Court because a related appeal in the case is still pending before the Second U.S. Circuit Court of ...