Court Endorses Amcast Extension

Law360, New York (March 30, 2006, 12:00 AM EST) -- A federal bankruptcy judge has extended Amcast Industrial Corp.’s sole right to file a reorganization plan, allowing the bankrupt auto parts maker to retain control over its Chapter 11 proceedings.

On Wednesday, the judge approved Amcast’s request, filed last week in the U.S. Bankruptcy Court for the Southern District of Indiana.

Amcast, whose exclusivity period was scheduled to end Friday, will now have until Sept. 27 to develop the plan and until Nov. 26 to lobby creditors to accept its terms.

The extension bars other parties...
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