Vitro Bondholders Deny Breaking Confidentiality Pacts

Law360, New York (October 20, 2011, 6:30 PM EDT) -- Bondholders of bankrupt Mexican glassmaker Vitro SAB de CV told a New York judge Thursday that they weren't subject to confidentiality agreements that Vitro claims they breached when they nixed a proposed reorganization plan.

Vitro alleges in a lawsuit filed in April that the bondholders, including Aurelius Capital Management LP and Elliott Management Corp., released nonpublic information they'd agreed not to disclose in an October 2010 press release trying to scuttle transactions tied to Vitro's restructuring efforts after it defaulted on $1.2 billion in debt....
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