Bankers’ Group Supports Bond Trustee in Argentina Appeal
Bob Van,bloomberg.com

The American Bankers Association, a trade association representing the financial services industry in the U.S., asked a court to overturn orders it claims improperly handcuff Bank of New York Mellon Corp. in litigation over Argentina’s defaulted debt.

In a court filing yesterday, the ABA asked the U.S. Court of Appeals in New York to reverse rulings by U.S. District Judge Thomas Griesa that the group claims would interfere with the bank’s role as indenture trustee for Argentina’s restructured debt. The court is scheduled to hear arguments in the case Feb. 27.

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