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Argentina to Pay $1.1B to 2 Creditors in Debt Litigation

Argentina agreed to pay two creditors more than $1.1 billion to resolve claims over defaulted debt, as part of the country's efforts to resolve long-running litigation over its 2002 default, court papers filed on Wednesday showed. Settlement agreements filed in federal court in Manhattan disclosed that billionaire investor Kenneth Dart's EM Ltd would receive $849.2 million, after agreeing to participate in Argentina's proposal to resolve the litigation for $6.5...

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