Leiner Health Gets Confirmation For Ch. 11 Exit

Law360, New York (October 17, 2008, 12:00 AM EDT) -- A bankruptcy court has confirmed the exit plan for generic-supplement maker Supplements LT Inc., also known as Leiner Health Products, roughly three months after the company liquidated its assets.

Judge Kevin J. Carey issued the confirmation order on Wednesday in U.S. Bankruptcy Court for the District of Delaware, setting in motion the time-table for the repayment of creditors.

Leiner Health Products filed for Chapter 11 bankruptcy protection in March “in the midst of a severe liquidity crisis” prompted mainly by regulatory actions, according to the company’s...
To view the full article, register now.