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Reuters
an hour ago
- Business
- Reuters
Holders of Argentina 1.5 billion euro GDP warrants file for US recognition of English judgments
NEW YORK, June 23 (Reuters) - Holders of Argentina's 1.5 billion euro-denominated GDP warrants filed on Monday for U.S. courts to recognize English court judgments that hold Argentina liable for that debt. Hedge funds holding around 48% of the securities issued between 2005 and 2014 sued Argentina in 2019 and London's High Court ruled in their favor last October, leaving Argentina on the hook. "While the claimants remain open to finding a consensual resolution with respect to the sums outstanding under the English Judgments ... they intend to vigorously enforce their rights in any and all appropriate forums," said a statement from law firm Quinn Emanuel Urquhart & Sullivan, which represents certain holders. In order to be able to enforce the judgments against Argentine assets in the United States, the U.S. court must recognize the outcome of the process in the English courts. The statement says that to secure a $20 billion program with the International Monetary Fund announced in April, "it appears that Argentina evidently made representations to the Fund that it was engaged in active, good-faith efforts to resolve the English Judgments to address the Fund's lending into arrears guidelines. No negotiations are ongoing, and to the extent Argentina represented that they were, that representation was incorrect." The IMF did not immediately respond to a request for comment on whether Argentina misrepresented its efforts to clear this debt. The Argentine government did not immediately respond to a request for comment. The Quinn Emanuel statement also cites the IMF program target of Argentina regaining access to international capital markets. "There should not be, nor can there be in practice, any market access until and unless Argentina resolves its default under the English Judgments," the statement said.
Reuters
09-06-2025
- Business
- Reuters
Chinese chipmaker YMTC sues rival Micron in US over spyware claims
June 9 (Reuters) - Chinese memory chipmaker YMTC has sued Micron Technology (MU.O), opens new tab in federal court in Washington, accusing its U.S. rival of spreading false claims that YMTC's chips threaten U.S. national security. YMTC in a lawsuit filed, opens new tab on Friday said Micron and a public affairs firm called DCI Group 'published and widely disseminated a portfolio of falsehoods' suggesting the Chinese tech company installed 'spyware' on chips that are used in mobile phones. 'The campaign maliciously and falsely linked YMTC's standard commercial memory products to military espionage, criminal conduct, and technically impossible malicious capabilities,' YMTC said in its lawsuit, filed by prominent U.S. law firm Quinn Emanuel Urquhart & Sullivan. YMTC said the company's founding in China 'does not mean that it is a tool of the Communist Party or the Chinese military.' Idaho-based Micron on Monday declined to comment. DCI, which is based in Washington, did not immediately respond to requests for comment, and neither did attorneys for YMTC. The complaint said YMTC lost revenue and suffered reputational harm and accused Micron of violating federal false advertising and unfair competition laws. The Biden administration in 2024 added YMTC to a list created by the Defense Department to highlight firms it says are allegedly working with Beijing's military. YMTC has denied that its technology is for military use. In the new lawsuit, YMTC accused Micron of funding a website called 'China Tech Threat' that is already run by DCI. YMTC said the alleged advocacy 'far exceeded permissible bounds.' The company said it has suffered 'the loss of millions of dollars in sales to leading computer and consumer electronics manufacturers in the United States and abroad.' The lawsuit is seeking what it called 'corrective' advertising, unspecified monetary damages and disgorgement of profits from Micron. YMTC sued Micron in 2023 for alleged patent infringement. Micron filed counterclaims seeking a declaration that it is the rightful owner of the patents at issue in that lawsuit. The litigation there is ongoing. The case is Yangtze Memory Technologies Inc v. Micron Technology Inc and DCI Group AZ LLC, U.S. District Court for the District of Columbia, No. 1:25-cv-01795. For YMTC: Robert Schwartz and David Eiseman of Quinn Emanuel Urquhart & Sullivan For Micron: No appearance yet Read more: US considers more Chinese companies for 'entity list,' source says China chip maker YMTC says its tech not for military use after Pentagon list Chinese chipmaker YMTC sues Micron alleging patent infringement Biden blacklists China's YMTC, crackdowns on AI chip sector
The Advertiser
07-06-2025
- Politics
- The Advertiser
Man mistakenly deported to El Salvador returns to US
Kilmar Abrego Garcia, the man mistakenly deported from Maryland to El Salvador by the Trump administration, has returned to the United States to face criminal charges of transporting illegal immigrants to the US Abrego Garcia faces two criminal counts in an indictment filed in federal court in Tennessee on May 21, more than two months after Abrego Garcia's March 15 deportation, court records showed. Attorney-General Pam Bondi on Friday said Salvadoran President Nayib Bukele agreed to return Abrego Garcia to the US after US officials presented his government with an arrest warrant. "The grand jury found that over the past nine years, Abrego Garcia has played a significant role in an alien smuggling ring," Bondi said in a press conference. In a statement, Abrego Garcia's lawyer, Andrew Rossman, said it would now be up to the US judicial system to ensure he received due process. "Today's action proves what we've known all along — that the administration had the ability to bring him back and just refused to do so," said Rossman, a partner at law firm Quinn Emanuel. Abrego Garcia was deported to El Salvador, despite an immigration judge's 2019 order granting him protection from deportation to El Salvador after finding he was likely to be persecuted by gangs if returned there, court records show. Critics of President Donald Trump pointed to the erroneous deportation as an example of the excesses of the Republican president's aggressive approach to stepping up deportations. The indictment also charges Abrego Garcia and two unidentified co-conspirators with transporting firearms illegally purchased in Texas for resale in Maryland. Abrego Garcia also transported illegal narcotics purchased in Texas for resale in Maryland and was on some occasions accompanied on those trips by members and associates of MS-13, according to the indictment. Kilmar Abrego Garcia, the man mistakenly deported from Maryland to El Salvador by the Trump administration, has returned to the United States to face criminal charges of transporting illegal immigrants to the US Abrego Garcia faces two criminal counts in an indictment filed in federal court in Tennessee on May 21, more than two months after Abrego Garcia's March 15 deportation, court records showed. Attorney-General Pam Bondi on Friday said Salvadoran President Nayib Bukele agreed to return Abrego Garcia to the US after US officials presented his government with an arrest warrant. "The grand jury found that over the past nine years, Abrego Garcia has played a significant role in an alien smuggling ring," Bondi said in a press conference. In a statement, Abrego Garcia's lawyer, Andrew Rossman, said it would now be up to the US judicial system to ensure he received due process. "Today's action proves what we've known all along — that the administration had the ability to bring him back and just refused to do so," said Rossman, a partner at law firm Quinn Emanuel. Abrego Garcia was deported to El Salvador, despite an immigration judge's 2019 order granting him protection from deportation to El Salvador after finding he was likely to be persecuted by gangs if returned there, court records show. Critics of President Donald Trump pointed to the erroneous deportation as an example of the excesses of the Republican president's aggressive approach to stepping up deportations. The indictment also charges Abrego Garcia and two unidentified co-conspirators with transporting firearms illegally purchased in Texas for resale in Maryland. Abrego Garcia also transported illegal narcotics purchased in Texas for resale in Maryland and was on some occasions accompanied on those trips by members and associates of MS-13, according to the indictment. Kilmar Abrego Garcia, the man mistakenly deported from Maryland to El Salvador by the Trump administration, has returned to the United States to face criminal charges of transporting illegal immigrants to the US Abrego Garcia faces two criminal counts in an indictment filed in federal court in Tennessee on May 21, more than two months after Abrego Garcia's March 15 deportation, court records showed. Attorney-General Pam Bondi on Friday said Salvadoran President Nayib Bukele agreed to return Abrego Garcia to the US after US officials presented his government with an arrest warrant. "The grand jury found that over the past nine years, Abrego Garcia has played a significant role in an alien smuggling ring," Bondi said in a press conference. In a statement, Abrego Garcia's lawyer, Andrew Rossman, said it would now be up to the US judicial system to ensure he received due process. "Today's action proves what we've known all along — that the administration had the ability to bring him back and just refused to do so," said Rossman, a partner at law firm Quinn Emanuel. Abrego Garcia was deported to El Salvador, despite an immigration judge's 2019 order granting him protection from deportation to El Salvador after finding he was likely to be persecuted by gangs if returned there, court records show. Critics of President Donald Trump pointed to the erroneous deportation as an example of the excesses of the Republican president's aggressive approach to stepping up deportations. The indictment also charges Abrego Garcia and two unidentified co-conspirators with transporting firearms illegally purchased in Texas for resale in Maryland. Abrego Garcia also transported illegal narcotics purchased in Texas for resale in Maryland and was on some occasions accompanied on those trips by members and associates of MS-13, according to the indictment. Kilmar Abrego Garcia, the man mistakenly deported from Maryland to El Salvador by the Trump administration, has returned to the United States to face criminal charges of transporting illegal immigrants to the US Abrego Garcia faces two criminal counts in an indictment filed in federal court in Tennessee on May 21, more than two months after Abrego Garcia's March 15 deportation, court records showed. Attorney-General Pam Bondi on Friday said Salvadoran President Nayib Bukele agreed to return Abrego Garcia to the US after US officials presented his government with an arrest warrant. "The grand jury found that over the past nine years, Abrego Garcia has played a significant role in an alien smuggling ring," Bondi said in a press conference. In a statement, Abrego Garcia's lawyer, Andrew Rossman, said it would now be up to the US judicial system to ensure he received due process. "Today's action proves what we've known all along — that the administration had the ability to bring him back and just refused to do so," said Rossman, a partner at law firm Quinn Emanuel. Abrego Garcia was deported to El Salvador, despite an immigration judge's 2019 order granting him protection from deportation to El Salvador after finding he was likely to be persecuted by gangs if returned there, court records show. Critics of President Donald Trump pointed to the erroneous deportation as an example of the excesses of the Republican president's aggressive approach to stepping up deportations. The indictment also charges Abrego Garcia and two unidentified co-conspirators with transporting firearms illegally purchased in Texas for resale in Maryland. Abrego Garcia also transported illegal narcotics purchased in Texas for resale in Maryland and was on some occasions accompanied on those trips by members and associates of MS-13, according to the indictment.
NDTV
06-06-2025
- Politics
- NDTV
Man Mistakenly Deported Under Trump Administration Now Faces US Charges
Kilmar Abrego Garcia, the man mistakenly deported from Maryland to El Salvador by the Trump administration, has returned to the United States to face criminal charges of transporting illegal immigrants within the U.S., Attorney General Pam Bondi said on Friday. Abrego Garcia's return marks a turning point in a case that became a broader symbol of criticisms of President Donald Trump's aggressive immigration policies. Critics, including many congressional Democrats, pointed to the case as a sign that the administration was disregarding civil liberties in its push to step up deportations. But the administration insisted that Abrego Garcia was a member of the MS-13 gang, an accusation that his lawyers denied. On Friday, administration officials portrayed the indictment of Abrego Garcia by a grand jury in Tennessee as vindication of their approach - even though the charges were filed on May 21, more than two months after Abrego Garcia's March 15 deportation. At a press conference, Bondi said Salvadoran President Nayib Bukele agreed to return Abrego Garcia to the U.S. after U.S. officials presented his government with an arrest warrant. "The grand jury found that over the past nine years, Abrego Garcia has played a significant role in an alien smuggling ring," Bondi said in a press conference. Abrego Garcia will have the chance to enter a plea in court and contest the charges at trial. If he is convicted, he would be deported to El Salvador after serving his sentence, Bondi said. In a statement, Abrego Garcia's lawyer, Andrew Rossman, said it would now be up to the U.S. judicial system to ensure he received due process. "Today's action proves what we've known all along - that the administration had the ability to bring him back and just refused to do so," said Rossman, a partner at law firm Quinn Emanuel. Abrego Garcia was deported to El Salvador, despite an immigration judge's 2019 order granting him protection from deportation to El Salvador after finding he was likely to be persecuted by gangs if returned there, court records show. After his lawyers challenged the basis for his deportation, the U.S. Supreme Court ordered the Trump administration to facilitate Abrego Garcia's return, with liberal Justice Sonia Sotomayor saying the government had cited no basis for what she called his "warrantless arrest." U.S. District Judge Paula Xinis has opened a probe into what, if anything, the Trump administration had done to secure his return, after his lawyers accused officials of stonewalling their requests for information. That led to concerns among Trump's critics that his administration would openly defy court orders. Chris Van Hollen, a Democratic senator from Maryland who visited Abrego Garcia in El Salvador, said in a statement on Friday that the Trump administration has "finally relented to our demands for compliance with court orders and the due process rights afforded to everyone in the United States." "This is not about the man, it's about his constitutional rights," Van Hollen said. "The Administration will now have to make its case in the court of law, as it should have all along." The indictment alleges that Abrego Garcia worked with at least five co-conspirators to bring immigrants to the United States illegally, and then transport them from the border to other destinations in the country. Abrego Garcia often picked up migrants in Houston, and made more than 100 trips between Texas and Maryland between 2016 and 2025, the indictment said. The indictment also charges Abrego Garcia and two unidentified co-conspirators with transporting firearms illegally purchased in Texas for resale in Maryland. Abrego Garcia also transported illegal narcotics purchased in Texas for resale in Maryland and was on some occasions accompanied on those trips by members and associates of MS-13, according to the indictment. According to the indictment, one of Abrego Garcia's co-conspirators belonging to the same ring was involved in the transportation of migrants whose tractor trailer overturned in Mexico in 2021, resulting in 50 deaths.
India Today
06-06-2025
- Politics
- India Today
From El Salvador's mega-prison to US court: The bizarre case of Kilmar Abrego
Kilmar Abrego Garcia, the Maryland man mistakenly deported to one of the world's harshest prisons — is heading back to the United States, but not to freedom. This time, he's returning to face federal criminal Garcia was deported to El Salvador on March 15 in what officials described as an administrative 'error.' That error landed him in CECOT, the Central American mega prison that's become a symbol of El Salvador's war on gangs. However, a 2019 US court order had explicitly barred his deportation due to concerns he would be targeted by gangs if the standing order, federal officials removed him from the country. His attorneys fought back — and now, he's coming home under very different circumstances. 'Today's action proves what we've known all along — that the administration had the ability to bring him back and just refused to do so,' said Andrew Rossman, his lawyer and a partner at Quinn Emanuel. 'It will now be up to the US judicial system to ensure he receives due process.'According to ABC News, Abrego Garcia will be prosecuted for allegedly transporting undocumented migrants within the United States. The charges, filed under seal in Tennessee, were brought after his controversial deportation — raising further questions about the timing and intent behind his of President Donald Trump say this case is yet another example of his hardline immigration agenda gone has become a flash point,' said one legal expert, pointing to growing tension between the executive branch and courts. The US Supreme Court intervened, ordering the Trump administration to facilitate Abrego Garcia's return. Liberal Justice Sonia Sotomayor sharply rebuked the government's actions, calling his deportation a 'warrantless arrest' with no legal federal officials have attempted to justify their decision by alleging Abrego Garcia was affiliated with MS-13 — a claim his attorneys vehemently deny. 'He has not been charged with or convicted of any crime,' Rossman said.(With inputs from Reuters)
