NY High Court Won't Revive Vitro Suit Against Hedge Funds

Law360, New York (April 3, 2013, 7:13 PM EDT) -- The highest court in New York on Tuesday denied Mexican glassmaker Vitro SAB de CV’s bid to revive its breach of contract suit accusing Aurelius Capital Management LP and other bondholders of divulging confidential information shortly before its restructuring.

The Court of Appeals of the State of New York gave no explanation for its denial. However, Vitro might have a chance to amend its original complaint before a lower court.

Vitro accused the bondholders, who hold $1.2 billion of the company’s debt, of trying to torpedo...
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