A New York appeals court has overturned a ruling that had ordered Argentina to pay more than $16 billion to former shareholders of YPF, the country’s largest energy company that was nationalized in 2012.
Select breaking news story 2 of 3Probe follows release of video showing violent arrest of Dashaun Williams as officials cite past cases and ongoing reviewMan says new laws regarding HOAs will help 'educate' his community.
Read full article: HOAs here to stay, at least for now, after bill to eliminate them dies in Florida SenateFormer Duval County school police officer accused of a romantic relationship with a student, tampering with evidence Read full article: Former Duval County school police officer accused of a romantic relationship with a student, tampering with evidenceFiercely loyal with a gentle heart: Family remembers 19-year-old woman killed in crash after swerving to avoid deer Read full article: Fiercely loyal with a gentle heart: Family remembers 19-year-old woman killed in crash after swerving to avoid deerFILE - A worker fuels up a van at a YPF gas station in Buenos Aires, Argentina, July 14, 2025. FILE - An aerial view shows the YPF-La Plata refinery in Berisso, Argentina, Oct. 30, 2023. FILE - A worker fuels up a van at a YPF gas station in Buenos Aires, Argentina, July 14, 2025. , overturning a lower court’s order to compensate former shareholders of the nationalized energy giant YPF, a decision that was celebrated by In the latest ruling in the long-running legal case, which was reviewed by The Associated Press, the U.S. Court of Appeals for the Second Circuit overturned a 2023 judgment in which U.S. District Judge Loretta Preska“Today is a day of celebration for the good Argentines,” said Milei in a national broadcast on Friday. “What seemed impossible, we made possible.” The president also announced that his government sent a bill to Congress to limit expropriations and increase compensation for those affected.“Because I’m Milei, I’ll say it the Milei way,” he wrote Friday morning, adding that his government has “cleaned up the mess” left by the former leader.Argentina to transfer its 51% controlling stake in YPF as a partial compensation to the plaintiffs. Two months later, the appeals court placed that order on hold. Milei, who has struggled to rebuild depleted foreign reserves and has pledged to privatize state-owned companies, has frequently blamed his political opponents for the legal fallout from the YPF seizure. The 2012 nationalization of Argentina's largest energy company, further damaged Argentina’s international standing by reinforcing its history of abandoning its global financial obligations. Plaintiffs were able to sue YPF in the U.S. because the company is listed on the New York Stock Exchange. Since its nationalization, YPF has accelerated the development of Argentina's vast shale gas reserves in the Vaca Muerta field in Patagonia. Crude production at Vaca Muerta has steadily climbed, reaching nearly 600,000 barrels per day in January, about 68% of national output. In 2025, YPF reported a profit of $5 billion, its highest level in the past 10 years.Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.It's a great day for Jumbo Shrimp baseball! Join us tonight for the home opening weekendDuval County schools warns families about unsanctioned ‘senior skip day’ at Jacksonville Beach240 new affordable housing units are for ‘people who keep this city running,’ councilman saysThe Block Jax owner continues working on parking solutions ahead of busy sports weekendSlow down & move over: Ride-along with JSO traffic patrol drives home important safety remindersVoices of the 904 Ep 2. - Her creative lens turned a studio into a space elevating Jax's identityViral video of Dasaun Williams’ takedown prompts new use of force questionsUSS Donald Cook departs Mayport as Operation Epic Fury continuesDevelopers break ground on affordable housing project in St. AugustineEnd the month off right with this lineup of events from March 26-29Pearl Street Square to bring apartments, restaurants, beer gardens & jobs to Downtown JacksonvilleBurden of failing roof lifted for Jacksonville veteran through volunteer project
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