Judge Grants Extension In Heated Nellson Proceedings

Law360, New York (October 12, 2006, 12:00 AM EDT) -- The federal bankruptcy judge presiding over the acrimonious bankruptcy proceedings of Nellson Nutraceutical Inc. has granted the bankrupt diet-bar maker’s request for more time to file and solicit support for its reorganization plan.

U.S. Bankruptcy Judge Christopher S. Sontchi signed an order on Wednesday extending the debtors’ exclusive rights to file a Chapter 11 plan through Nov. 27, 2006, and their exclusive rights to drum up support for the plan through Jan. 26, 2007.

Judge Sontchi’s order came during a heated ongoing “valuation trial” that was...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.