Overview
- U.S. District Judge Jennifer Rochon (SDNY) on Oct. 3 denied Section 1782 discovery sought by four creditor funds, calling the requests an overbroad fishing expedition.
- The ruling states the record does not show that $LIBRA assets belong to the Argentine state and cites an Anti-Corruption Office finding that Milei’s promotion was a personal act.
- Palladian Partners, HBK Master Fund, Hirsh Group and Virtual Emerald pursued U.S. discovery to bolster enforcement of a 2023 London judgment exceeding €1.5 billion.
- Rochon said any further inquiry into $LIBRA ties should proceed in British or Argentine courts rather than in the United States.
- In Buenos Aires, Judge Marcelo Martínez de Giorgi accepted an appeal from Congress’s $LIBRA commission to compel testimony including Karina Milei, with an appellate hearing set for Oct. 28 as lawmakers seek UFECI wallet traces, certified UTI/OA files and other records before a Nov. 10 reporting deadline.