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Court rejects attempt by dissident bondholders to block Vitro's restructuring

Post Time:Jan 26,2012Classify:Industry NewsView:71

Vitro S.A.B. officials reported, Jan. 24, the United States Court of Appeals for the Fifth Circuit issued a seventh denial to a group of dissident bondholders', halting their continued effort to attack Vitro's restructuring proceedings in Mexico through collateral litigation in New York State court.

According to the PRNewswire release, the bankruptcy court ordered that the dissident bondholders' New York litigation violated the bankruptcy stay protecting Vitro and its restructuring efforts in Mexico and should be enjoined.

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