U.S. high court declines to hear appeal in Argentina bond dispute

Reuters

WASHINGTON, Oct 7 (Reuters) - The U.S. Supreme Court onMonday declined to hear a preliminary appeal filed by Argentinaover its battle with hedge funds that refused to take part intwo debt restructurings that sprang from the country's 2002default.

The court's decision means it will not at this time reviewan October 2012 ruling by the 2nd U.S. Circuit Court of Appealsin New York in which the court said the Argentine government hadbroken a contractual obligation to treat bondholders equally.The Supreme Court's refusal to get involved means litigation inlower courts continues, with Argentina able to seek high courtreview again at a later date when there is a final ruling in theappeals court.

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