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Investors: Deny Argentine do-over

BUENOS AIRES, Argentina (AP) — Argentina’s opponents have filed their last arguments with the U.S. Supreme Court, urging justices to deny the South American government’s appeal of a $1.4 billion debt ruling because President Cristina Fernandez has repeatedly vowed not to honor any decision that goes against her.

Argentina wants the court to overturn a ruling it says would provoke a catastrophic default by forcing it to pay $1.3 billion plus interest in cash to the investors it calls “vulture funds.” These investors, led by billionaire Paul Singer’s NML Capital Ltd., snapped up Argentina’s defaulted debt as its economy crashed a decade ago and have litigated ever since, seeking payment in full plus interest even after 92 percent of other bondholders agreed to provide generous debt relief in exchange for regular payments on new bonds.