General Growth Secures Exclusivity Extension

Law360, New York (March 4, 2010, 3:52 PM EST) -- A federal bankruptcy court has given mall owner General Growth Properties Inc. a four-month extension on its exclusive period to file a reorganization plan, over the objections of the creditors committee.

Judge Allan L. Gropper of the U.S. Bankruptcy Court for the Southern District of New York on Thursday gave General Growth until July 15 to file a plan of reorganization and also extended the period the company has to solicit acceptance of a plan until Sept. 15.

Adam Metz, CEO of General Growth, said in...
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