Tower Wins Eighth Exclusivity Extension

Law360, New York (November 30, 2006, 12:00 AM EST) -- A U.S. bankruptcy judge on Thursday granted Tower Automotive Inc.’s eighth request to extend its exclusivity period, giving the bankrupt auto parts maker until Feb. 2 to propose a plan to creditors.

Tower Auto was most recently expected to have a plan in place by Nov. 29, but it asked the U.S. Bankruptcy Court for the Southern District of New York for an extension one week ago, citing “considerable” progress in its Chapter 11 case.

As part of the extension, Tower Auto now has until March...
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.