FILE PHOTO: The U.S. Supreme Court building is pictured in Washington, U.S., March 20, 2019. REUTERS/Leah Millis/File Photo
The justices left in place a lower court ruling that allowed privately held Petersen to sue after Argentina’s government refused to buy back the company’s shares. The Madrid-based Petersen subsidiaries were not challenging the expropriation itself but said that the action had triggered shareholder protection provisions in YPF’s bylaws, which were added when YPF began trading on the New York Stock Exchange in 1993.“The company will utilize all the legal recourses necessary to defend its interests,” YPF said in a statement to the Buenos Aires Stock Exchange.
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