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4h ago

Three Governors Move to Join YPF Criminal Case, Signal Push for U.S. DOJ Inquiry

Their goal is to protect provincial Class B stakes with U.S. enforcement currently paused on appeal.

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Los gobernadores \"Nacho\" Torres y Alfredo Cornejo, en los tribunales de Comodoro Py.
Torres, Cornejo y Vidal se presentan como querellantes en la causa YPF.
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Overview

  • The governors of Mendoza, Chubut and Santa Cruz filed to be criminal complainants at Federal Criminal Court No. 4 in Comodoro Py over the 2007 Eskenazi/Petersen entry into YPF.
  • In their filing, they argue that executing the U.S. judgment would irreversibly damage YPF’s governance structure and provincial shareholder rights created by the 2012 expropriation law.
  • Chubut’s Ignacio Torres said they will ask the U.S. Department of Justice to open a criminal investigation that could put the New York civil case on hold.
  • Chubut also submitted an amicus brief to the U.S. Second Circuit to defend provincial interests as the court’s stay of the June 2025 turnover order remains in place.
  • The appellate fight follows Judge Loretta Preska’s 2023 ruling imposing about $16.1 billion in damages, while other oil‑producing provinces have not publicly joined this querellante push.