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Judge Preska Orders YPF to Hand Over Internal Records in 15 Days in Alter-Ego Probe

The order accelerates discovery to test whether creditors can reach the oil company’s assets.

Overview

  • The judge denied YPF’s bids to intervene in post-judgment proceedings, to halt discovery under res judicata, and to block collection efforts targeting company assets.
  • YPF must produce emails, WhatsApp messages and other internal communications, and the parties must file a joint letter within 15 days outlining any remaining discovery disputes.
  • Plaintiffs aim to enforce a US$16.1 billion first‑instance judgment that reports estimate has grown to about US$18 billion with accrued interest.
  • A Second Circuit stay continues to pause any turnover of 51% of YPF shares while Argentina briefs its appeal, with filings due in late September.
  • A three‑judge Second Circuit hearing is set for October 29 to hear Argentina’s appeal and cross‑appeals, including Burford’s challenge related to YPF’s treatment in the case.