TV Azteca Cites Mexico Court Ruling to Skip Quarterly Filing (2)

A Mexican court ordered TV Azteca SAB de CV, owned by Mexican billionaire Ricardo Salinas Pliego, not to present financial information to the public to avoid causing “uncertainty,” throwing another wrench into a legal battle with the holders of $400 million of its defaulted bonds.

The ruling also exempts the company from publishing its financial statements for the first quarter, after it delayed reporting its fourth-quarter results to just before a limit that would have triggered a halt to trading in its stock.

TV Azteca shares fell as much as 3.2% on Thursday, and closed down 1.5%. Mexican ...