Vitro Order Blocking Bondholders Extended During Appeal

Vitro SAB (VITROA) bondholders will remain blocked from seizing assets of the Mexican glassmaker while an appeal over the company’s bankruptcy plan is pending, an appeals court decided.

The stay that a bankruptcy judge in Dallas imposed last month will “remain in place during the pendency of this appeal or until further order of this court,” the U.S. Court of Appeals in New Orleans said today. 

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600450 Vitro Order Blocking Bondholders Extended During Appeal glassonweb.com
Date: 19 July 2012
Source: www.bloomberg.com

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Vitro Architectural Glass (Formerly PPG Glass)
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