YPF (YPF) Falls Hard on New Legal Case Ruling

YPF Sociedad Anónima (NYSE:YPF) is one of the 10 Stocks Crash Hard on a Roaring Monday.

YPF Sociedad Anónima (NYSE:YPF) dropped by 5.64 percent on Monday to end at $31.45 apiece as investors sold off positions to mitigate risks from the revival of a legal case between Argentina and companies in which it was involved.

On Monday, a US Judge ordered Argentina to relinquish its controlling stake in YPF Sociedad Anónima (NYSE:YPF) as partial payment for the $16-billion judgment to minority shareholders over the country’s 2012 nationalization of the group.

Argentina was given 14 days to transfer its ownership to a global custody account as partial payment.

According to Judge Loretta Preska of the Southern District of New York, Argentina was found liable for $16 billion in damages, saying that the country violated the rights of minority shareholders when it took away the controlling stake without making a tender offer.

The plaintiffs were largely funded by litigation funder Burford Capital, whose shares jumped by more than 20 percent following the Court decision.

While we acknowledge the potential of YPF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.