Vitro Claims Bondholders Revealed Restructuring Secrets

Law360, New York (September 26, 2012, 5:09 PM EDT) -- A Vitro SAB de CV attorney told a New York state appeals court Wednesday that some of its bondholders, including Aurelius Capital Management LP and Elliott Management Corp., should be held responsible for divulging confidential information on the eve of the bankrupt glassmaker's restructuring.

Vitro, which ran into trouble after it defaulted on $1.2 billion in debt, has accused bondholders of trying to torpedo Vitro's then-proposed restructuring plan and exchange offer with an October 2010 press release that allegedly disclosed Vitro's confidential information and urged other...
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