Plaintiffs are institutional traders in distressed debt commonly known as "vulture funds." They purport to hold interests in certain notes issued or guaranteed by defendants. On or about October 20, 2000, Supreme Court granted plaintiffs' motion for summary judgment on the notes, and on April 13, 2004, the court entered judgment against defendants for approximately $360 million. On appeal, this Court modified the judgment to the extent of vacating the awards premised on the...
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