Supreme Court Hears Argentina Predatory Hedge Fund Discovery Case High

"The Supreme Court hearing this initial case offers some indication that they are interested in hearing the broader case," said Eric LeCompte, Executive Director of the religious antipoverty coalition, Jubilee USA Network. "The court’s decision on the broader case will impact financial stability and people living in extreme poverty."
In late March, Jubilee USA Network and 79 religious and development groups filed an Amicus ("friend-of-the-court") brief with the Supreme Court urging them to take the broader case with global implications. In addition to Jubilee USA's filing, economist Joseph Stiglitz and the governments of Brazil and Mexico also filed on Argentina's side. The G24, the International Monetary Fund, World Bank, United Nations and the US government continue to raise concerns with predatory holdout behavior.
“There's a global consensus that his behavior hurts poor people and legitimate investors,” said LeCompte who serves on several UN expert groups working to stem predatory behavior. "If the Supreme Court takes the broader case and decides for Argentina, we'll see a lot of this extreme behavior end."
See Jubilee USA's release on its Supreme Court Filing: http://www.jubileeusa.org/press/press-item/article/religious-and-anti-poverty-groups-file-with-supreme-court-in-argentinanml-capital-case.html
Read Jubilee USA's Amicus Supreme Court filing: http://jubileeusa.org/fileadmin/13-990__-991_Amici_Brief_filed_3-24-14.pdf
For more information on the case and a timeline: http://www.jubileeusa.org/truth-about-debt/vulturefunds/argentina.html

Jubilee USA Network is an alliance of more than 75 US organizations, 400 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. http://www.jubileeusa.org