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U.S. judge puts units of Mexico's Vitro into bankruptcy

Post Time:Dec 06,2012Classify:Industry NewsView:79

A U.S. judge ordered that 10 units of Mexican glassmaker Vitro SABbe put into U.S. bankruptcy and found that several of them had taken secret steps to prevent creditors from collecting money owed to them, according to a December 5 Reuters report.

The order follows the November 28 ruling of the U.S. Court of Appeals in New Orleans that upheld a decisionrefusing to grant enforcement of Vitro’s Mexican bankruptcy plan in the United States, saying it was contrary to U.S. policy.


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