Overview
- U.S. District Judge Loretta Preska denied Argentina’s request to suspend discovery, saying a late stay would prejudice plaintiffs and noting the process remains incomplete.
- Preska wrote that Argentina missed an earlier chance to seek a stay with security and that the judgment has not been stayed since early 2024.
- The judge also refused to pause discovery into officials’ personal communications or to halt related contempt proceedings sought by the plaintiffs.
- Petersen and Eton Park, financed by Burford Capital, can continue pursuing information on potentially seizable property, including questions about Central Bank gold reserves and alleged state control over entities.
- Argentina says it has produced about 115,000 records and calls the requests abusive, has filed a sworn declaration asserting Central Bank gold is immune and solely administered by the BCRA, and continues to await a Second Circuit ruling on the underlying judgment.