Southern District Judge Thomas Griesa (See Profile) said he has no intention of replacing veteran litigator Daniel Pollack as special master in connection to the Argentina debt crisis, despite allegations by an attorney for the republic that the McCarter & English partner is biased.
In a brief order dated Aug. 4, Griesa said it would be a “gross injustice” to remove Pollack, and doing so would “drastically interfere with the process which has been going on and must continue.”
Griesa is presiding over Argentina v. NML Capital, 08-cv-6978, which involves Argentina’s commitment to U.S. bond holders who had obtained court judgments.
Shortly after Pollack was named special master, he publicly opined that Argentina was in default. In response, Argentina’s attorney, Jonathan Blackman of Cleary Gottlieb Steen & Hamilton, complained that Pollack’s statement was “harmful and prejudicial to the republic” and said the country had lost confidence in the process.
But Griesa, in his order reaffirming the appointment, said that Pollack’s statement was accurate and reflected the court’s order to, “if negotiations broke down or were suspended, issue a statement and not leave the public record blank.”
“The court has followed the month-long work of the special master, who has been doing all that he was required to do under his appointment with great skill,” Griesa wrote. ” He has been even-handed in relation to the parties. There has been no bias in any degree.”