Vitro initiates settlement trial against dissident funds to recover up to $1.6 billion

Vitro announced, December 17, that it has started the process to recover damages caused by lawsuits filed by dissident funds to put Vitro and 17 subsidiaries into involuntary bankruptcy in Mexico, which were dismissed on appeal. Under the applicable legal framework in Nuevo Leon, the amount claimed could reach $1.59 billion, according to a Vitro release.