U.S. judge puts units of Mexico's Vitro into bankruptcy

Reuters
December 6, 2012
COMMERCIAL, RETAIL, FABRICATION : BUSINESS

A U.S. judge ordered that 10 units of Mexican glassmaker Vitro SAB be put into U.S. bankruptcy and found that several of them had taken secret steps to prevent creditors from collecting money owed to them, according to a December 5 Reuters report. 

The order follows the November 28 ruling of the U.S. Court of Appeals in New Orleans that upheld a decision refusing to grant enforcement of Vitro‚Äôs Mexican bankruptcy plan in the United States, saying it was contrary to U.S. policy. 

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