NY court: Argentina must disclose to US creditors

Argentina and various banks must reveal information about the nation's assets to U.S. bondholders who are owed about $1.5 billion, a federal appeals court said Tuesday, though the panel cautioned a judge that a sovereign state is entitled to grace and civility and some records may be off limits.
 
The ruling by a three-judge panel of the 2nd U.S. Circuit Court of Appeals gives a green light to lawyers for bondholders who refused to trade their holdings for bonds worth less than half as much after Argentina in 2001 defaulted on $100 billion of debt.

U.S. District Judge Thomas P. Griesa had allowed the lawyers to pursue records from Argentina and related entities, including banks.

The appeals court said his discretion over what must ultimately be turned over is delicate, especially when it affects Argentina's diplomatic and military affairs.

It said it might not be possible for Griesa to review documents regarding diplomatic or military issues on his own to determine if they are relevant. The appeals panel said he should be "effective and respectful" as he handles the sensitive aspects of the document review.

The ruling came after U.S. hedge funds that hold Argentina bonds won judgments requiring that they be paid. The hedge funds claim Argentina defaulted on $1.5 billion they are owed after moving assets far and wide to hide them from creditors.

Argentina said in court papers it is being harassed by the hedge funds.

It said the requests for information concern property and finances of the republic's military and diplomatic core, over 100 separate entities and top republic officials including its current and former presidents.

Former Utah TV pitchman ordered back to court

A judge is summoning back to court a former Utah TV pitchman accused of kicking an owl in flight while riding his motorized paraglider.

Authorities say in court documents filed Tuesday that 45-year-old Dell "Super Dell" Schanze hasn't shown that he has no guns, a condition of his release.

Federal Judge Brooke Wells ordered Schanze to court Dec. 30.

Defense attorney Kent Hart says Schanze has been unable to schedule a time for officials to inspect his house.

Schanze was handcuffed this month for interrupting a court hearing in a separate case and saying it was unconstitutional to bar the defendant from having guns.

Schanze later agreed to give up weapons in his own case.

He pleaded not guilty to charges involving harassing wildlife and pursuing a migratory bird.

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Court halts ridesharing service Uber in Germany

A court has barred ridesharing service Uber from operating in Germany, the latest shot in the popular app's fight with taxi drivers worldwide. Frankfurt state court spokesman Arne Hasse said Tuesday the decision that Uber can't offer its services without a specific permit under German transport laws applies nationwide. The injunction applies pending a full hearing of a suit brought against Uber by Taxi Deutschland, a German cab association that also offers its own taxi-ordering app. The suit is being heard in Frankfurt because it is one of the several German cities in which Uber operates. San Francisco-based Uber said in a statement it would use "all legal means" to fight the case. "It's never a good idea to limit people's choices," Uber said. "We believe that innovation and competition is good for everyone — it profits both drivers and passengers." The ruling comes after Berlin authorities last month barred Uber from operating in the capital because of safety concerns.

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Colorado high court won't hear pension lawsuit

The Colorado Supreme Court has decided not to hear a lawsuit from state Treasurer Walker Stapleton seeking information about employee benefits in the state's pension system. The court issued its decision Monday. Stapleton had appealed to the state's highest court after two lower courts ruled against him. Stapleton, a Republican, has sought non-identifying information about the top 20 percent of the pension's beneficiaries and their annual retirement benefit. He says the information would help him to assess the health of the state pension's program and how to keep it solvent. The pension board that manages the Public Employees Retirement Association has maintained that the information is confidential.