New York Judge Loretta Preska takes key step to close the YPF trial and annul the US$16 billion claim
Judge Loretta Preska formalized a key step in the judicial process regarding the hedge funds' claim for the expropriation of YPF in 2012, which amounted to US$16.1 billion. Her ruling incorporates a decision from the New York Court of Appeals that annulled the compensation, though the litigation is not over as the claimants have asked the U.S. Supreme Court to review this decision. Preska has closed this instance of the case, but there is a possibility it could reopen if the Supreme Court decides to intervene.
By Clarín
