Argentina agreed to pay two creditors more than $1.1 billion to resolve claims over defaulted debt, as part of the country's efforts to resolve long-running litigation over its 2002 default, court papers filed on Wednesday show, according to Reuters. Settlement agreements filed in federal court in Manhattan disclosed that billionaire investor Ken Dart's EM Ltd would receive $849.2 million, after agreeing to participate in Argentina's proposal to resolve the litigation for $6.5 billion. Montreux Partners LP, another large creditor, will be paid nearly $298.7 million, according to court papers.
