Creditors of TV Azteca SAB de CV, including Cyrus Capital Partners LP and Contrarian Capital Management LLC, were granted a bid to streamline a New York federal court suit over the Mexican multimedia conglomerate’s $400 million note default.
Certain defenses asserted by billionaire Ricardo Salinas Pliego’s TV Azteca disputing creditor demands for payment don’t need full fact and expert discovery to be resolved, US Magistrate Judge Barbara Moses said in a ruling issued Tuesday in the US District Court for the Southern District of New York.
“At least some of those affirmative defenses can, in all likelihood, be resolved without ...
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