Latest: Corruption and Money Laundering.

Hedge fund sues Mossack Fonseca for alleged obstruction of justice in Nevada.

Law firm at the center of the Panama Papers scandal continues to face legal challenges and investigations

By Simon Bouvier

12:22 pm, September 1, 2016 Updated: 12:22 pm, September 1, 2016

Las Vegas Boulevard is shown north of Tropicana Avenue
 on Feb. 25, 2016, in Las Vegas, Nev.

 

McClatchy

Confidential emails revealed in the Panama Papers have opened a new front in a bitter court battle in Nevada involving a hedge fund led by an American billionaire, new court filings show.

NML Capital, a hedge fund managed by New York investor Paul Singer, is suing the Nevada office of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, for obstruction of justice.

The current legal action has its roots in Singer’s long fight to reclaim funds lost when Argentina defaulted on government bonds held by NML. Mossack Fonseca was not named as a defendant, but its Nevada operations were targeted with a court order demanding information about companies administered through the law firm that the hedge fund claimed may have been involved in the theft of millions of dollars from Argentine government contracts.

NML reached a $2.4 billion settlement with Argentina earlier in the year, but the case remains open after the hedge fund accused MF Nevada employee Patricia Amunategui of perjury, and asked a federal court in Nevada to sanction Mossack Fonseca.

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