Overview

• SDNY Judge Jennifer Rochon denied a Section 1782 request from Palladian Partners, HBK Master Fund, Hirsh Group and Virtual Emerald seeking U.S. discovery tied to Argentina’s assets.
• The ruling deemed the evidence—press reports, social media posts and a preliminary agreement—insufficient and criticized the request as an overbroad fishing expedition.
• Rochon wrote that the materials could suggest the proceeds benefited Javier Milei, his sister Karina Milei or promoter Hayden Davis rather than the Republic of Argentina.
• The judge said any substantive inquiry should proceed in English or Argentine courts, noting the funds’ 2023 London judgment of more than €1.5 billion against Argentina.
• The case record cites a February 2025 launch of $LIBRA and Milei’s promotion on X as fueling a market surge and an estimated $251 million in losses, while an Argentine anti-corruption report classified his promotion as personal and the presidency denies any state role.