Paul Singer Just Set Up The Next Battle

In His War With Argentina

Elliott Management's Paul Singer wants $250 million from Argentina in one week, MercoPress reports.

Singer suffered a set-back in his years long legal battle with the country last week, when an Appeals Court disagreed with an earlier ruling by Judge Thomas Griesa. Griesa had ruled that Argentina would have to pay Singer and other investors in its sovereign debt all of the over $1 billion the country owes them.

Argentina refuses to pay these "vulture funds" because they didn't restructure debt in 2005 and 2010 when they had the chance.

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