Paul Singer has denied owning Argentine credit default swaps, after Argentine officials said the billionaire's holdings are a reason his NML Capital fund won't agree to a bond restructuring. "These allegations are to suggest that NML isn't entitled to equitable remedy because they are engaged in some kind of foul play," American University law professor Anna Gelpern said. "It's only a red herring because they would have to do a lot of fact finding, and I don't think they'll go there."

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