Reuters: Bankruptcy News: U.S. judge puts units of Mexico's Vitro into bankruptcy

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

U.S. judge puts units of Mexico's Vitro into bankruptcy Dec 5th 2012, 19:54 Wed Dec 5, 2012 2:54pm EST Dec 5 (Reuters) - A U.S. bankruptcy judge in Dallas ordered 10 units of Mexican glassmaker Vitro SAB de CV into involuntary bankruptcy and found the subsidiaries had taken secret steps to prevent creditors from collecting money they were owed. Several U.S. hedge funds led by Aurelius Capital Management and Elliott International hold defaulted notes issued by subsidiaries and had sought to put the subsidiaries into bankruptcy. Judge Harlin Hale issued his ruling on Tuesday. Parent company Vitro went through a bankruptcy reorganization in Mexico, but that plan has been strenuously opposed by U.S. creditors.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions