Business

Judge: Don’t be a pampas ass, Singer

Cool it, Paul Singer.

That’s the message from Manhattan federal judge Thomas Griesa, who asked a group of bondholders led by Singer’s Elliott Management to back off on demands that Argentina and about a dozen other bondholders prove they aren’t scheming behind Elliott’s back.

In an undated letter that lawyers received yesterday, Griesa wrote, “It is my request that efforts to obtain discovery, and so forth, should be entirely discontinued.”

Singer is upset that some of the bondholders who agreed to a restructuring have sided with Argentina in a bid to deny payment to the Elliott hedge fund.

The rap on Singer’s knuckles is notable because Griesa ruled in favor of Elliott and other so-called holdout bondholders, but an appeals court has stayed his decision.

Griesa ruled the holdouts should receive $1.3 billion whenever Argentina makes payments to the exchange bondholders.