Diaz Reus Announces Members of Argentina Sovereign Debt Classes Asked to Submit Information for U.S. Class Actions

January 29, 2016 02:35 PM Eastern Standard Time

NEW YORK--(BUSINESS WIRE)--Counsel representing classes of certain holders of defaulted Argentine sovereign bonds have announced that the federal court in New York City has asked class members to identify themselves to class counsel as part of the process for the court to determine the total amount of damages owed to the classes. Class members can identify themselves by requesting and sending in a Proof of Claim, as discussed below.

In 2001, the Republic of Argentina defaulted on multiple series of Global Notes and Bonds. Argentina has since failed to pay the principal and interest due on those bonds.

Today’s announcement concerns the nine series of defaulted bonds identified in the chart below. Lawsuits are pending before the United States District Court for the Southern District of New York (Judge Griesa) concerning each of these series of bonds.

The Court has certified each lawsuit as a class action. The members of each class are beneficial holders of any amounts of the bonds who held the bonds as of the relevant starting date listed below (or earlier), and continuously hold at least some amount of that original holding through today.

		Description		ISIN Number		Starting Date of Holding
1.		Republic of Argentina 11% Global Notes due October 9, 2006		US040114AN02		January 16, 2004
2.		Republic of Argentina 7% Global Notes due December 19, 2008		US040114GF14		January 16, 2004
3.		Republic of Argentina 9.75% Global Notes Due September 19, 2027		US040114AV28		January 22, 2004
4.		Republic of Argentina 11.75% Global Notes Due June 15, 2015		US040114GA27		February 4, 2004
5.		Republic of Argentina 11% Global Notes Due December 5, 2005		US040114AZ32		February 4, 2004
6.		Republic of Argentina 8.375% Global Notes Due December 20, 2003		US040114AH34		February 10, 2004
7.		Republic of Argentina 12.375% Global Notes Due February 21, 2012		US040114GD65		March 17, 2004
8.		Republic of Argentina Floating Rate L+0.8125 Global Notes Due March 2005		XS0043120582		March 17, 2004
9.		Republic of Argentina European Medium Term Note Bond, 9.25% Due July 20, 2004		XSO113833510		December 19, 2006

The court has already found that Argentina is liable to class members for unpaid principal and interest. The court now seeks to identify the individual class members as part of the process to calculate the amount of damages for each class.

All beneficial holders of any bonds in any of the classes who have held any amount of bonds continuously from the “start date” through today are requested immediately to contact Class Counsel to obtain the Proof of Claim form that they can use to identify themselves and the amount of their class holdings. The deadline to send in Proof of Claim forms is February 29, 2016.

Individuals or institutions holding bonds in series 1-8 in the above chart should contact Class Counsel Marta Colomar Garcia atmcolomar@diazreus.com, 00-1-305-375-9220.

Individuals or institutions holding bonds in series 9 in the above chart should contact Jason A Zweig at jasonz@hbsslaw.com or 00-1-708-628-4958. Mr. Zweig’s firm has been appointed by the Court to represent the class with respect to the bonds in series 9 above. Holders of interests in series 9, can also obtain a claim form at https://www.hbsslaw.com/cases/argentine-bonds/pressrelease/argentine-bonds-hagens-berman-urges-argentine-bond-holders-to-file-claim-for-damages-in-class-action-lawsuit.

Bondholders who submitted “opt-out” notices or who have filed individual lawsuits or arbitrations should not submit a Proof of Claims form.

Information provided will be used only for this litigation and will not be filed in the public court records. The court may also request additional information at a later time.

Current bondholders who wish to remain in the classes and eventually be eligible to claim a share of any class recovery should not sell or transfer their bonds. Bonds that are sold or transferred will not be part of the classes.

Bondholders should not call or write to the court with questions about the Proof of Claim process.

Contacts

Diaz Reus
Marta Colomar-Garcia
Partner
305-375-9220
mcolomar@diazreus.com