New Lawsuit Filed by Beauregarde Holdings Against La Rioja, Argentina Over $LIBRA Coin Allegations Amid $16 Billion Judgment Dispute

A new legal complaint has been filed against the Province of La Rioja, Argentina, by Beauregarde Holdings LLP, Beauregarde Holdings II LLP, and Sandglass Select Fund LP. The complaint highlights alleged financial misconduct related to the $LIBRA meme coin, which was promoted by the defendants as a means to foster financial innovation and economic growth in Argentina. However, the complaint claims that the defendants failed to disclose predatory infrastructure techniques associated with the coin. In a related development, a federal court has accepted two investors as plaintiffs in the $LIBRA case, with reports indicating that three investors have now been accepted as querellantes. Additionally, a litigation financer with a significant stake in a $16 billion U.S. judgment against Argentina has reportedly not met with officials from Javier Milei's administration. Burford Capital, which acquired the rights to the lawsuit for under $17 million a decade ago, is now seeking to collect on the judgment awarded by a judge but faces challenges in communication with the Argentine government.