NEW YORK, Aug 10 (Reuters) - A U.S. appeals court in New York on Monday narrowed a class of bondholders with claims against Argentina over its defaulted debt.
The 2nd U.S. Circuit Court of Appeals said U.S. District Judge Thomas Griesa had improperly expanded a class of investors who hold certain bonds and are seeking repayment following the country’s $100 billion default in 2002.
The appeals court ordered Griesa to return to a narrower definition of the class, limited to those who still hold the bonds in question, and to hold an evidentiary hearing to determine the proper amount of damages. (Reporting by Joseph Ax; Editing by Meredith Mazzilli)