Tower Gets Extension Of Exclusivity Period

Law360, New York (September 8, 2006, 12:00 AM EDT) -- Tower Automotive Inc. has given a draft of its Chapter 11 reorganization plan to its official committee of unsecured creditors, thereby extending its exclusivity period for another two months.

Judge Allan L. Gropper of the U.S. Bankruptcy Court in Manhattan previously said that if Tower submitted a draft of its plan to the creditors committee by Sept. 7, then he would automatically grant the two-month extension. If the plan had not been turned in by Thursday, then he would have considered the company’s request for more...
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