K-V Creditors Say Alternative Plan Is In The Works

Law360, New York (April 16, 2013, 4:08 PM EDT) -- Creditors of bankrupt K-V Pharmaceutical Co. on Tuesday told a New York bankruptcy judge that they were ready to propose an alternative Chapter 11 plan that would fully repay senior noteholders in cash and would provide significant recovery to general unsecured creditors.

Erez Gilad of Stroock & Stroock & Lavan LLP, an attorney for the creditors committee, and Gerald Bender of Lowenstein Sandler LLP, who represents Susquehanna Advisors Group Inc., said at a case conference Tuesday that they had investors lined up and would present a...
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