Small Argentina creditors say ‘frozen out’ of settlements


NEW YORK CITY: A group of small Argentina “holdout” creditors has complained they are being ignored while the country settles with major bondholders and is seeking the removal of the court mediator in the case. Mohammed Ladjevardian, of the Houston firm United Capital Investments, said his complaint to the New York district court dated Wednesday represents more than $27 million in debt defaulted on by Argentina in 2001. Ladjevardian alleged that while the mediator, Daniel Pollack, has facilitated multibillion-dollar settlements between the country and its largest holdout bondholders since February, Pollack “has orchestrated this systematic isolation of the plaintiffs and other small bondholders.”


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