Vitro Goes After Hedge Funds

Vitro Goes After Hedge Funds

Mexico Corporate & Sovereign Strategy Funds

Mexican glassmaker Vitro is preparing to sue a group of hedge funds for up to $1.59bn, it says. The glassmaker has initiated the process to recover damages caused by lawsuits, later dismissed on appeal, that the funds filed attempting to put Vitro and 17 subsidiaries into involuntary bankruptcy in Mexico. “It should be noted that under the approved restructuring plan, the new bonds issued and payments made by Vitro to bondholders who opposed the restructuring were placed in a trust which stipula

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial