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...
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