Judge Says Investors Can Demand Ch. 11 Payments From Vitro

Law360, Dallas (August 30, 2012, 8:26 PM EDT) -- A Texas federal judge on Tuesday vacated a bankruptcy court order and said subsidiaries of Vitro SAB de CV haven’t been timely paying down more than $3 billion in debts during a Chapter 11 restructuring and are subject to demands for immediate payment from hedge funds and other investors.

U.S. District Judge Sidney A. Fitzwater held the bankruptcy court “clearly erred” with its ruling that because operating companies for Vitro, a major Mexican glass manufacturer, had been paying invoices from trade companies they conducted business with,...
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Case Information

Case Title

Knighthead Master Fund LP et al v. Vitro Packaging LLC et al


Case Number

3:11-cv-02603

Court

Texas Northern

Nature of Suit

Bankruptcy Appeal

Judge

Sidney A Fitzwater

Date Filed

October 3, 2011


Case Title

Knighthead Master Fund LP et al v. Vitro Asset Corp et al


Case Number

3:11-cv-02690

Court

Texas Northern

Nature of Suit

Bankruptcy Appeal

Judge

Sidney A Fitzwater

Date Filed

October 11, 2011

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