Tower Auto Gets Court OK For Plan Extension

Law360, New York (October 26, 2006, 12:00 AM EDT) -- For the seventh time, a judge has extended Tower Auto Inc.’s exclusive right to file its reorganization plan and solicit the support of its creditors.

Judge Allan Gropper of the U.S. Bankruptcy Court for the Southern District of New York said Wednesday that the company has until Nov. 30 to file its plan. He also gave the company until Jan. 25 to win approval from its creditors.

If Gropper hadn't approved Tower Auto's extension, the company’s sole right to file a plan would have ended Wednesday....
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