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Vitro order blocking bondholders extended during appeal

Post Time:Jul 17,2012Classify:Industry NewsView:64

Vitro SAB bondholders will remain blocked from seizing assets of the Mexican glassmaker while an appeal over the company’s bankruptcy plan is pending. The stay that a bankruptcy judge in Dallas imposed last month will “remain in place during the pendency of this appeal or until further order of this court,” the U.S. Court of Appeals in New Orleans said, July 16, according to a same-day Bloomberg report.

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Source: http://www.glassmagazine.com/news-item/commercial/vitro-order-blocking-bondholders-extended-during-appeal-129922Author:

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