Petersen Energía Inversora SAU and Petersen Energía SAU v Argentine Republic and YPF SA - United States District Court Southern District of New York - Case no 15-cv-2739 LAP - Final Judgement - 15 September 2023
Country
Year
2023
Summary
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Therefore, it is hereby, ORDERED, ADJUDGED AND DECREED that Plaintiffs Petersen Energía Inversora, S.A.U. and Petersen Energía, S.A.U. (together, "Petersen") and Eton Park Capital Management, L.P., Eton Park Master Fund, Ltd., and Eton Park Fund, L.P. (together, "Eton Park," and together with Petersen, "Plaintiffs") shall recover on their claim for breach of contract from defendant the Argentine Republic (the "Republic") as follows:
1. Petersen shall recover from the Republic $14,385,449,737 which figure is comprised of (i) $7,533,269,948 in damages; plus (ii) $6,852,179,789 (representing 8% simple prejudgment interest from May 3, 2012 through the date of the entry of judgment, September 15, 2023). Petersen shall also recover post-judgment interest under 28 U.S.C. § 1961, calculated from the date of the entry of this judgment at a rate of 5.42% per annum, computed daily to the date of payment and compounded annually.
2. Eton Park shall recover from the Republic $1,714,338,556 which figure is comprised of (i) $897,752,615 in damages; plus (ii) $816,585,941 (representing 8% simple prejudgment interest from May 3, 2012 through the date of the entry of judgment, September 15, 2023). Eton Park shall also recover post-judgment under 28 U.S.C. § 1961, calculated from the date of the entry of this judgment at a rate of 5.42% per annum, computed daily to the date of payment and compounded annually.
It is further ORDERED, ADJUDGED AND DECREED that all of Plaintiffs' other claims against defendant the Argentine Republic, including claims for anticipatory breach, breach of the duty of good faith and fair dealing and promissory estoppel, are dismissed and that all of Plaintiffs' claims against defendant YPF S.A. are dismissed.
The Clerk of Court is directed to enter this judgment and to mark these actions closed.
SO ORDERED.
