A U.S. judge on Monday ordered Argentina to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment, handing a defeat to the cash-strapped country.

Sullivan & Cromwell is representing Argentina in the case. Litigation funder Burford Capital is seeking to cash in on the $16 billion judgment against the highly indebted South American country.

YPF Sociedad Anónima (NYSE:YPF) dropped by 5.64 percent on Monday to end at $31.45 apiece as investors sold off positions to mitigate risks from the revival of a legal case between Argentina and ...

A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. Argentine President ...

Shares of YPF closed down 5.6%. The judgement stems from a long-running legal case that in 2023 saw Judge Preska find Argentina liable for $16.1 billion in damages and interest.

Argentina is ordered by a U.S. judge to give up its 51% stake in state-run oil and gas company YPF as partial payment of a $16.1B court judgment against the country.

Argentina won’t negotiate with Burford Capital, the firm leading efforts to collect a $16 billion judgment against the South American nation, a spokesman for President Javier Milei told ...

Argentina's government allowed state oil company YPF (NYSE: YPF) to join a stimulus program unlocking funds for a $3B pipeline project from the massive Vaca Muerta shale formation to a port in Rio ...

YPF Sociedad Anónima (NYSE:YPF) dropped by 5.64 percent on Monday to end at $31.45 apiece as investors sold off positions to mitigate risks from the revival of a legal case between Argentina and ...