Vitro S.A.B. de C.V. announced that the U.S. Bankruptcy Court in Dallas, Texas, has issued a clarification to its June 13, 2012 opinion regarding enforcement of the company's financial restructuring in the U.S. It was made clear in the Court's clarification order that enforcement in the United States of Vitro's Mexican court-approved Concurso plan was denied in its entirety.
The company noted that it plans to immediately seek appeal to the United States Court of Appeals for the Fifth Circuit.
Claudio Del Valle, Vitro's chief restructuring officer, said, "We are disappointed by the judge's clarification in this matter, and will appeal this decision. We will continue to defend the enforcement of our restructuring."
by RTT Staff Writer
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