FILE - In this June 4, 2013 file photo, International Monetary Fund (IMF) Managing Director Christine Lagarde smiles as she is introduced at Brookings Institution in Washington. A yearslong court

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FILE - In this June 4, 2013 file photo, International Monetary Fund (IMF) Managing Director Christine Lagarde smiles as she is introduced at Brookings Institution in Washington. A yearslong court battle in New York could have major implications for the world's financial system as investors seek to recover unpaid debts from Argentina's massive 2001 default. (AP Photo/Ann Heisenfelt, File) less 

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Associated Press
Fri, Jul 26, 2013 8:34 AM EDT