White Energy Loses Bid To Stretch Exclusive Periods

Law360, New York (December 4, 2009, 2:37 PM EST) -- A judge has rejected White Energy Inc.'s third request to extend its exclusive periods, siding with secured lenders that said they had already hammered out a reorganization plan with the bankrupt ethanol producer so there was no reason for the case to "languish" in Chapter 11.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware on Thursday denied White Energy's bid to extend the exclusive periods for filing and seeking approval for a plan of reorganization.

The order came down came...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.