Overview

• The New York State Supreme Court published a $21,047,378.90 judgment, including $20 million for civil contempt and $1,047,378.90 in AT&T’s costs and attorney fees.
• The judgment is in favor of AT&T Mobility Holdings BV and finds Ricardo Salinas, Grupo Elektra, Banco Azteca and Francisco Borrego violated a July 18, 2024 order to deliver assets.
• Bloomberg reported Salinas posted a $25 million bond on September 23 to avoid arrest in the United States related to the AT&T dispute.
• TV Azteca asked the Southern District of New York to reconsider an order to withdraw its Mexican lawsuits, arguing Mexican law would treat the dismissals as with prejudice and cause irreparable harm.
• Parallel enforcement moves continue, with an SDNY initial conference set for October 21 and bondholders pursuing ICSID arbitration alleging USMCA violations by Mexico.