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Vitro v. ACP Master LTD. (In re Vitro)

Vitro v. ACP Master LTD. (In re Vitro)

Ruling
Actions against debtor in foreign main proceeding enjoined due to probability of successful reorganization.
Procedural posture

Plaintiff debtor in foreign insolvency proceedings brought an adversary proceeding against defendant holders of notes issued by the debtor seeking to prevent the noteholders from pursuing litigation against the debtor and its non-debtor subsidiaries which were guarantors of the notes. The debtor moved for a preliminary injunction.

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Consumer opinion summary, case decided on June 24, 2011 , LexisNexis #0711-138