NY judge calls Argentina payment plan illegal, unacceptable, but won't hold nation in contempt

  • by: LARRY NEUMEISTER , Associated Press
  • Updated: August 21, 2014 - 10:45 PM

NEW YORK — A federal judge in Manhattan on Thursday said Argentina's plans to evade his orders by failing to make required payments to U.S. bondholders is illegal and cannot be carried out, but he stopped short of finding the South American nation in contempt of court.

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