Argentine Bondholders Get Fraction of $35 Million Suit Revived

Several Argentine investors can resume claims against their government to recover $5.5 million out of nearly $36 million in principal they allegedly lost on defaulted bonds, the Second Circuit ruled Monday.

Claims for the remaining amount, more than $30 million, are time-barred, the US Court of Appeals for the Second Circuit said in reviving the suit for the second time.

The investors—Euclides Bartolomé Bugliotti, his wife, and his former business partner Hugo Lauret—purchased $30,299,000 worth of GD65-series bonds, with a maturity date of Feb. 21, 2012; and $5,519,000 worth of AR16-series bonds, with a maturity date of Jan. 30, 2017, ...