Argentina dodged a class-action suit presented in New York by foreign bondholders after a U.S. Federal Court denied their request to recover US$60 million in deposits lost when the South American country defaulted.Argentina dodged a class-action suit Noun 1. class-action suit - a lawsuit brought by a representative member of a large group of people on behalf of all members of the group class action presented in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of by foreign bondholders after a U.S. Federal Court denied their request to recover US$60 million in deposits lost when the South American country defaulted. According to the presiding judge presiding judge n. 1) in both state and federal appeals court, the judge who chairs the panel of three or more judges during hearings and supervises the business of the court. , the lawsuit was rejected because it didn't specify how many people would be involved in the suit and because it would impede the country's economic recovery. |
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