New York Judge Finds Argentina In Contempt Of Court For Failing To Repay Hedge Funds

A federal judge in New York City Monday found Argentina in contempt of court for failing to repay the debt it owes two U.S. hedge funds before it pays other bondholders, something the judge ordered in July. U.S. District Judge Thomas Griesa accused Argentina of "taking steps ... to evade critical parts" of the U.S. court order, the Wall Street Journal reported.