K-V Pharma Gets More Time To Hammer Out Ch. 11 Plan

Law360, New York (May 8, 2013, 7:22 PM ET) -- K-V Pharmaceutical Co. on Wednesday received extra time to put together a new Chapter 11 plan to replace the reorganization plan currently on the table, following a 2 1/2-hour conference with a New York bankruptcy judge.

U.S. Bankruptcy Judge Allan L. Gropper emerged from the conference to say that the hearing — to approve the new debtor-in-possession financing package K-V had secured and the disclosure statement attached to the currently proposed plan — would be postponed to the end of May. The hearing already had been...
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