In Re Compañía De Alimentos Fargo, S.A.
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM DECISION GRANTING MOTION TO DISMISS THE INVOLUNTARY PETITION
STUART M. BERNSTEIN, Chief Bankruptcy Judge.
The alleged debtor, Compañía de Ali-mentos Fargo, S.A. (“Fargo”), is an Argentine company. Since 2002, it has been pursuing a concurso preventivo (the “Con-curso ”), a reorganization proceeding, in Argentina. Argo Capital Investors Fund SPC, Rainbow Global High Yield Fund, Rainmac Fund and the Star Fund (collectively, the “Petitioners”), off-shore investors, hold approximately 65% of Fargo’s public debt. Dissatisfied with the progress of the Concurso and some of the rulings made…
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