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.
Victims’ relatives, Bexar County DA react to guilty verdict in Christopher Preciado capital murder caseAlamo Heights playground named in honor of Camp Mystic camper who died in Hill Country floodsRaccoon tests positive for rabies in New Braunfels; no humans exposed to disease, city officials sayThe Tejano Next Gen Fund providing scholarship to young Tejano musiciansNext photoFILE - 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.Proposed border wall threatens prehistoric cave artHundreds of millions of dollars lost each year to scams at crypto ATMsFamily reacts to guilty verdict in Christopher Preciado trialCastle Hills police department says the armed suspect shot this morning has diedRecords show New Braunfels ISD pulling, restricting more books than it has publicly listed74 year old woman hit crossing South General McMullenNew emissions test could cost Bexar County vehicle ownersSan Antonio attorney admits stealing over half a million dollars from children's inheritance.Spurs respond after viral video at game sparks backlashReuniting items found along the Guadalupe River after the deadly floods
Cristina Fernandez De Kirchner World News Javier Milei Business
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump admin makes new criminal referrals to DOJ targeting New York AG Letitia JamesFox News Channel offers its audiences in-depth news reporting, along with opinion and analysis encompassing the principles of free people, free markets and diversity of thought, as an alternative to the left-of-center offerings of the news marketplace.
Read more »
Top Trump housing official issues new criminal referral for New York AG Letitia JamesPresident Donald Trump’s top housing official Bill Pulte issued two new criminal referrals for New York Attorney General Letitia James on Wednesday, attempting to revive the administration’s ongoing legal pursuit of one of his political opponents.
Read more »
Venezuela's Nicolás Maduro back in New York court in bid to toss indictmentFormer Venezuelan President Nicolás Maduro is due in court as he seeks to have his drug trafficking indictment thrown out over a geopolitical dispute over…
Read more »
The Latest: Former Venezuelan President Nicolás Maduro to appear in New York City courtFormer Venezuelan President Nicolás Maduro returns to a New York courtroom Thursday as he seeks to have his drug trafficking indictment thrown out over a
Read more »
The Latest: Former Venezuelan President Nicolás Maduro appears in New York City courtFormer Venezuelan President Nicolás Maduro has returned to a New York courtroom as he seeks to have his drug trafficking indictment thrown out over a geopolitical dispute over legal fees.
Read more »
US appeals court overturns $16 billion judgment over Argentina energy company nationalizationA 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.
Read more »