434:
bonds with a face value of US$ 832 million by 2014. With interest accrued, "NML's share of the bounty, according to government figures, is $ 832 million from assets it purchased for $ 48.7 million β representing a return of 1,608 percent." Through an official press release published on Friday afternoon, June 27, 2014, the
Argentine government stated that Griesa attempted to "block the payment for bondholders," and committed an abuse of authority, after cancelling the deposit made on Thursday into a Bank of New York account. The text specified "the deposited amounts are fiduciary property of the holders" and it is the duty of the fiduciary agent to "hold them on behalf of the holders' benefit." Judge Griesa's ruling was upheld by the full United States Court of Appeals, and the
351:. This was the first time that a U.S. Attorney General had been held in contempt for conduct during pretrial proceedings. Although Griesa declined a request to immediately jail Bell for contempt, he did indicate that if Bell failed to comply with the order within a one-week deadline, Griesa would "entertain a motion for more drastic sanctions". Bell indeed refused to comply, and was held in contempt, although this order was stayed pending appellate review. On appeal, the
381:. In 1985, after the Army Corps of Engineers completed another environmental review, Griesa again faulted their methods and record keeping, voided their permit and continued his injunction against the construction of Westway. His decision was again upheld by the Court of Appeals for the Second Circuit. Westway was never built.
433:
Negotiable instruments like bonds are bought and sold like commodities at the price seller and buyer agree upon. Paul Singer's Cayman
Islands-based hedge fund NML Capital Limited is the principal litigant in this dispute, having paid considerably more than US$ 90 million in the secondary market for
372:
had failed to comply with the requirements for an adequate statement on the environmental impact. Although his decision dismissed various other attacks that environmental groups were using to stop the project in a series of lawsuits, he left one critical issue and said that the road might harm
830:"OPINION: Tyco's motion for partial summary judgment is granted as to their first, second, third, eighth, ninth, and eleventh causes of action, and denied as to their fourth, fifth, sixth, seventh, tenth, and twelfth causes of action for Tyco International, et al v. Kozlowski"
355:
held that "it was clearly erroneous for the district court to determine that the files are so central to the plaintiffs' case that contempt is the only appropriate sanction for the
Government's failure to disclose them", and ordered Griesa to consider alternative sanctions.
1062:
1055:
1048:
1222:
456:βNotwithstanding the foregoing, Argentina's obligations to make payments of principal and interest on the New Securities shall not have been satisfied until such payments are received by registered holders of the New Securities."
393:, asserting that the $ 500 million in compensation and benefits he received during his time of disloyalty (while he was committing grand larceny and other crimes), between 1997 and 2002, were forfeit under New York's "
429:
and therefore, like bond owners all over the world, never drew any pay from the issuing country, to access potentially an array of bank records to locate financial assets overseas in seeking compensation.
1232:
910:
1072:
1021:
991:
844:
308:
244:
99:
56:
37:
500:
to the office of
President of Argentina as a key development that, in his words, "changes everything" and may lead to a final resolution of the disputes arising from the default.
397:" doctrine. Griesa concluded in 2010 that under the faithless servant doctrine, Kozlowski must forfeit all compensation and benefits he earned during his period of disloyalty.
509:
460:
2. A similar statement in the original prospectus for
Argentina's 2010 debt exchange. 3. All the major rating agencies has declared Argentina to be in default:
811:
596:
929:
579:
122:
783:
613:
852:
559:
378:
352:
1202:
1040:
892:
796:
438:
368:, a proposed six-lane highway on the West Side of Manhattan, ruling that the permit for the project's landfill was invalid because the
628:
1207:
729:
481:
534:
962:
867:
703:
654:
348:
1212:
829:
754:
1237:
680:
1227:
284:
1217:
315:
on June 28, 1972, and received his commission on June 30, 1972. He served as Chief Judge from 1993 to 2000. He assumed
797:
Taking Down the Lion: The
Triumphant Rise and Tragic Fall of Tyco's Dennis ... - Catherine S. Neal - Google Books
333:
476:
The
International Swaps and Derivatives Association (ISDA) declares Argentina in default, bonds extend losses.
1086:
406:
369:
1070:
435:
240:
272:
319:
on March 13, 2000. His service terminated on
December 24, 2017, due to his death in New York City.
967:
1128:
1122:
1116:
417:, who in the period June 2001 to November 2003 (that is from half a year before the Argentine
426:
256:
179:
452:
1. The definition of default in the original prospectus for
Argentina's 2005 debt exchange:
1197:
1192:
312:
8:
1098:
564:
280:
219:
1170:
1134:
1012:
1002:
488:, with Griesa's decision "America is throwing a bomb into the global economic system".
467:
Moody's changes
Argentina's outlook to negative as default will hasten economic decline
410:
365:
268:
210:
146:
79:
1104:
418:
394:
340:
449:
The reliability of the Argentine claim ("We are not in default") can be judged by:
390:
292:
276:
264:
1164:
1146:
1110:
1032:
485:
91:
1223:
Judges of the United States District Court for the Southern District of New York
1158:
497:
422:
1186:
1092:
414:
316:
304:
288:
198:
33:
374:
336:
283:
in 1958. He was an attorney with the Admiralty and Shipping Section of the
1152:
868:"Talons Out: Argentina Desperately Fighting 'Vulture Funds' Over Debt"
893:"Argentina claims Judge Griesa "blocked the payment to bondholders""
311:, to a new seat authorized by 84 Stat. 294. He was confirmed by the
957:
377:. His order was unanimously affirmed by a three-judge panel of the
260:
1073:
United States District Court for the Southern District of New York
1022:
United States District Court for the Southern District of New York
992:
United States District Court for the Southern District of New York
309:
United States District Court for the Southern District of New York
245:
United States District Court for the Southern District of New York
100:
United States District Court for the Southern District of New York
57:
United States District Court for the Southern District of New York
38:
United States District Court for the Southern District of New York
473:
China's Dagong Global Credit Rating Co. cuts Argentina to default
1233:
United States district court judges appointed by Richard Nixon
930:"Argentina Bonds: Judge says he will lift injunctions on debt"
464:
Argentina put into selective default by Standard & Poor's
214:
911:"Argentina Finds Relentless Foe in Paul Singer's Hedge Fund"
510:
List of United States federal judges by longevity of service
845:"Bond Vigilantes' Ghana Ambush Proves Default Hex Unbroken"
480:
According to the American economist and recipient of the
344:
247:
from 1972 to 2017 and its Chief Judge from 1993 to 2000.
223:
560:"Federal judge who ruled on Argentina debt battle dies"
287:
from 1958 to 1960, and was then in private practice in
629:"U.S. Judge Blocks Westway Landfill as Threat to Fish"
359:
812:"Ex-Tyco CEO Dennis Kozlowski ordered to forfeit pay"
755:"U.S. Appeals Court Upholds Decision to Halt Westway"
535:"Man in the News β Meticulous Judge in Westway Case"
730:"Westway Project is Blocked Again by Federal Judge"
784:"The Essential Lessons of the "Faithless Servant""
655:"U.S. Judge Bars Landfill Project for the Westway"
470:Fitch downgrades Argentina to 'restricted default'
806:
804:
778:
776:
400:
1184:
704:"Call for Westway Study Upheld by Appeals Court"
327:
836:
922:
801:
773:
678:
580:Griffin Bell Held in Contempt of Federal Court
1056:
859:
681:"Sierra Club v. U.S. Army Corps of Engineers"
239:(October 11, 1930 β December 24, 2017) was a
597:Civil Contempt Decree Placed on Griffin Bell
384:
379:U.S. Court of Appeals for the Second Circuit
364:In 1982, Griesa blocked the construction of
353:U.S. Court of Appeals for the Second Circuit
614:In re Attorney General of the United States
347:records about eighteen "informants" in the
298:
50:March 13, 2000 β December 24, 2017
1063:
1049:
275:from 1952 to 1954, thereafter receiving a
482:Nobel Memorial Prize in Economic Sciences
963:Biographical Directory of Federal Judges
702:Lubasch, Arnold H. (February 26, 1983).
332:In 1978, Griesa issued an order holding
865:
727:
701:
652:
626:
586:(July 1, 1978), Vol. 48, No. 53, p. A1.
250:
112:June 30, 1972 β March 13, 2000
1185:
842:
389:Tyco had filed against its former CEO
1083:No designated chief judge (1788β1948)
1044:
890:
728:Lubasch, Arnold H. (August 8, 1985).
653:Lubasch, Arnold H. (April 15, 1982).
532:
528:
526:
524:
627:Lubasch, Arnold H. (April 1, 1982).
679:Second Circuit (13 December 1983).
360:Westway construction permit holding
285:United States Department of Justice
13:
1203:Lawyers from Kansas City, Missouri
617:, 596 F.2d 58, 67 (2nd Cir. 1979).
521:
405:In 2014, Griesa presided over the
303:Griesa was nominated by President
14:
1249:
951:
866:Oakford, Samuel (June 18, 2014),
491:
1208:Military personnel from Missouri
984:Seat established by 84 Stat. 294
343:for Bell's refusal to turn over
322:
135:Seat established by 84 Stat. 294
903:
884:
843:Benson, Drew (4 October 2012).
822:
790:
747:
721:
695:
672:
646:
620:
606:
603:(July 6, 1978), No. 183, p. 1.
589:
572:
552:
533:Shipp, E.R. (April 22, 1982).
444:
401:Argentina's debt restructuring
334:United States Attorney General
1:
1213:American Christian Scientists
891:Eavis, Peter (28 June 2014).
515:
421:on December 26, 2001) bought
328:Griffin Bell contempt holding
255:Born on October 11, 1930, in
1238:20th-century American judges
496:Griesa saw the elevation of
407:Argentine debt restructuring
370:U.S. Army Corps of Engineers
241:United States district judge
7:
503:
436:United States Supreme Court
10:
1254:
1228:Stanford Law School alumni
584:Spartanburg Herald-Journal
409:, on remand following the
271:in 1952 and served in the
16:American judge (1930β2017)
1218:Harvard University alumni
1079:
1029:
1017:
1009:
999:
987:
981:
976:
439:found no reason to revise
385:Faithless servant holding
307:on June 15, 1972, to the
273:United States Coast Guard
230:
206:
187:
161:
156:
152:
140:
128:
116:
105:
97:
85:
73:
62:
54:
43:
32:
28:
21:
299:Federal judicial service
968:Federal Judicial Center
966:, a publication of the
349:Socialist Workers Party
1129:Constance Baker Motley
1123:Lloyd Francis MacMahon
1117:David Norton Edelstein
849:Bloomberg Businessweek
458:
427:negotiable instruments
413:'s decision to permit
454:
180:Kansas City, Missouri
1071:Chief Judges of the
761:. September 12, 1985
313:United States Senate
263:, Griesa received a
251:Education and career
1099:John William Clancy
1020:Chief Judge of the
958:Thomas Poole Griesa
855:on October 7, 2012.
565:New York Daily News
295:from 1960 to 1972.
281:Stanford Law School
237:Thomas Poole Griesa
220:Stanford University
166:Thomas Poole Griesa
55:Chief Judge of the
1171:Laura Taylor Swain
1135:Charles L. Brieant
1013:Charles L. Brieant
1003:Laura Taylor Swain
936:. 19 February 2016
915:The New York Times
818:. 2 December 2010.
786:. 6 December 2010.
539:The New York Times
411:U.S. Supreme Court
269:Harvard University
211:Harvard University
147:Laura Taylor Swain
80:Charles L. Brieant
1180:
1179:
1105:Sylvester J. Ryan
1039:
1038:
1030:Succeeded by
1000:Succeeded by
441:Griesa's ruling.
395:faithless servant
341:contempt of court
234:
233:
191:December 24, 2017
1245:
1141:Thomas P. Griesa
1065:
1058:
1051:
1042:
1041:
1024:
1010:Preceded by
994:
982:Preceded by
974:
973:
946:
945:
943:
941:
926:
920:
918:
907:
901:
900:
888:
882:
881:
880:
878:
863:
857:
856:
851:. Archived from
840:
834:
833:
826:
820:
819:
808:
799:
794:
788:
787:
780:
771:
770:
768:
766:
751:
745:
744:
742:
740:
725:
719:
718:
716:
714:
699:
693:
692:
690:
688:
676:
670:
669:
667:
665:
650:
644:
643:
641:
639:
624:
618:
610:
604:
593:
587:
576:
570:
569:
556:
550:
549:
547:
545:
530:
391:Dennis Kozlowski
277:Bachelor of Laws
202:
201:, New York, U.S.
194:
183:
176:October 11, 1930
175:
173:
157:Personal details
143:
131:
119:
110:
88:
76:
67:
48:
23:Thomas P. Griesa
19:
18:
1253:
1252:
1248:
1247:
1246:
1244:
1243:
1242:
1183:
1182:
1181:
1176:
1165:Colleen McMahon
1147:Michael Mukasey
1111:Sidney Sugarman
1087:John Clark Knox
1075:
1069:
1035:
1033:Michael Mukasey
1026:
1019:
1015:
1005:
996:
989:
985:
954:
949:
939:
937:
928:
927:
923:
917:. 31 July 2014.
909:
908:
904:
889:
885:
876:
874:
864:
860:
841:
837:
828:
827:
823:
810:
809:
802:
795:
791:
782:
781:
774:
764:
762:
753:
752:
748:
738:
736:
726:
722:
712:
710:
700:
696:
686:
684:
677:
673:
663:
661:
651:
647:
637:
635:
625:
621:
611:
607:
594:
590:
577:
573:
558:
557:
553:
543:
541:
531:
522:
518:
506:
494:
486:Joseph Stiglitz
447:
403:
387:
362:
330:
325:
301:
253:
218:
197:
196:
192:
178:
177:
171:
169:
168:
167:
141:
129:
117:
111:
106:
92:Michael Mukasey
86:
74:
68:
63:
49:
44:
24:
17:
12:
11:
5:
1251:
1241:
1240:
1235:
1230:
1225:
1220:
1215:
1210:
1205:
1200:
1195:
1178:
1177:
1175:
1174:
1173:(2021βpresent)
1168:
1162:
1159:Loretta Preska
1156:
1150:
1144:
1138:
1132:
1126:
1120:
1114:
1108:
1102:
1096:
1090:
1084:
1080:
1077:
1076:
1068:
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1060:
1053:
1045:
1037:
1036:
1031:
1028:
1016:
1011:
1007:
1006:
1001:
998:
986:
983:
979:
978:
977:Legal offices
972:
971:
953:
952:External links
950:
948:
947:
921:
902:
883:
858:
835:
821:
800:
789:
772:
759:New York Times
746:
734:New York Times
720:
708:New York Times
694:
671:
659:New York Times
645:
633:New York Times
619:
605:
588:
571:
551:
519:
517:
514:
513:
512:
505:
502:
498:Mauricio Macri
493:
492:Mauricio Macri
490:
478:
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468:
465:
446:
443:
402:
399:
386:
383:
361:
358:
329:
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324:
321:
300:
297:
267:. degree from
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249:
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231:
228:
227:
208:
204:
203:
195:(aged 87)
189:
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165:
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77:
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59:
52:
51:
41:
40:
30:
29:
26:
25:
22:
15:
9:
6:
4:
3:
2:
1250:
1239:
1236:
1234:
1231:
1229:
1226:
1224:
1221:
1219:
1216:
1214:
1211:
1209:
1206:
1204:
1201:
1199:
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1194:
1191:
1190:
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1157:
1154:
1151:
1148:
1145:
1142:
1139:
1136:
1133:
1130:
1127:
1124:
1121:
1118:
1115:
1112:
1109:
1106:
1103:
1100:
1097:
1094:
1093:William Bondy
1091:
1088:
1085:
1082:
1081:
1078:
1074:
1066:
1061:
1059:
1054:
1052:
1047:
1046:
1043:
1034:
1025:
1023:
1014:
1008:
1004:
995:
993:
990:Judge of the
980:
975:
969:
965:
964:
959:
956:
955:
935:
931:
925:
916:
912:
906:
898:
894:
887:
873:
869:
862:
854:
850:
846:
839:
831:
825:
817:
813:
807:
805:
798:
793:
785:
779:
777:
760:
756:
750:
735:
731:
724:
709:
705:
698:
683:. p. 253
682:
675:
660:
656:
649:
634:
630:
623:
616:
615:
609:
602:
598:
592:
585:
581:
575:
567:
566:
561:
555:
544:September 11,
540:
536:
529:
527:
525:
520:
511:
508:
507:
501:
499:
489:
487:
483:
475:
472:
469:
466:
463:
462:
461:
457:
453:
450:
442:
440:
437:
431:
428:
424:
420:
416:
415:vulture funds
412:
408:
398:
396:
392:
382:
380:
376:
371:
367:
357:
354:
350:
346:
342:
338:
335:
323:Notable cases
320:
318:
317:senior status
314:
310:
306:
305:Richard Nixon
296:
294:
290:
289:New York City
286:
282:
278:
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270:
266:
262:
258:
248:
246:
242:
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199:New York City
190:
186:
181:
164:
160:
155:
151:
148:
145:
139:
136:
133:
127:
124:
123:Richard Nixon
121:
115:
109:
104:
101:
98:Judge of the
96:
93:
90:
84:
81:
78:
72:
66:
61:
58:
53:
47:
42:
39:
35:
31:
27:
20:
1140:
1018:
988:
961:
938:. Retrieved
933:
924:
914:
905:
896:
886:
875:, retrieved
871:
861:
853:the original
848:
838:
824:
815:
792:
765:11 September
763:. Retrieved
758:
749:
739:11 September
737:. Retrieved
733:
723:
713:11 September
711:. Retrieved
707:
697:
685:. Retrieved
674:
664:11 September
662:. Retrieved
658:
648:
638:11 September
636:. Retrieved
632:
622:
612:
608:
601:The Bulletin
600:
591:
583:
574:
563:
554:
542:. Retrieved
538:
495:
479:
459:
455:
451:
448:
432:
425:, which are
404:
388:
375:striped bass
363:
337:Griffin Bell
331:
302:
254:
236:
235:
193:(2017-12-24)
142:Succeeded by
134:
118:Appointed by
107:
87:Succeeded by
64:
45:
34:Senior Judge
1198:2017 deaths
1193:1930 births
1167:(2016β2021)
1161:(2009β2016)
1155:(2006β2009)
1149:(2000β2006)
1143:(1993β2000)
1137:(1986β1993)
1131:(1982β1986)
1125:(1980β1982)
1119:(1971β1980)
1113:(1966β1971)
1107:(1959β1966)
1101:(1956β1959)
1095:(1955β1956)
1089:(1948β1955)
445:Controversy
257:Kansas City
130:Preceded by
75:Preceded by
1187:Categories
1153:Kimba Wood
1027:1993β2000
997:1972β2000
897:MercoPress
516:References
172:1930-10-11
934:Bloomberg
872:Vice News
207:Education
108:In office
69:1993β2000
65:In office
46:In office
687:April 9,
504:See also
293:New York
261:Missouri
960:at the
940:1 April
877:1 April
816:Reuters
419:default
366:Westway
243:of the
36:of the
182:, U.S.
423:bonds
279:from
942:2016
879:2016
767:2017
741:2017
715:2017
689:2011
666:2017
640:2017
546:2017
188:Died
162:Born
345:FBI
339:in
265:B.A
224:LLB
1189::
932:.
913:.
895:.
870:,
847:.
814:.
803:^
775:^
757:.
732:.
706:.
657:.
631:.
599:"
582:"
562:.
537:.
523:^
484:,
291:,
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215:BA
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970:.
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919:.
899:.
832:.
769:.
743:.
717:.
691:.
668:.
642:.
595:"
578:"
568:.
548:.
226:)
222:(
217:)
213:(
174:)
170:(
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