Vitro Bondholders Cleared To Go After Interest Payments

Law360, New York (February 24, 2012, 6:19 PM EST) -- A New York state judge on Friday allowed hedge funds and other investors in bonds of bankrupt Vitro SAB de CV to pursue collection actions for unpaid interest despite the Mexican glassmaker's attempt to halt the litigation.

New York Supreme Court Judge Bernard Fried denied Vitro's request for a temporary restraining order to stop several actions by investors, including affiliates of Aurelius Capital Management LP and Elliott Management Corp., which have already won judgments against the glassmaker over interest from $1.2 billion in debt.

Vitro's recently...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.