Movie Gallery Gets Exclusivity Extension

Law360, New York (January 25, 2008, 12:00 AM EST) -- Movie Gallery Inc. has been granted an extension of its exclusive control over its reorganization, after the company, which has already filed a Chapter 11 plan, argued that the confirmation process should go forward without being disrupted by competing strategies for restructuring.

U.S. Bankruptcy Judge Douglas O. Tice Jr. signed off on Wednesday on an order extending Movie Gallery's exclusive right to file a Chapter 11 plan through June 13, 2008, and its exclusive right to solicit support for the plan through Aug. 13, 2008....
To view the full article, register now.