Allied Seeks Fifth Exclusivity Extension

Law360, New York (January 9, 2007, 12:00 AM EST) -- Hoping for more time to negotiate with the International Brotherhood of Teamsters union, Allied Holdings Inc. on Tuesday asked for bankruptcy court approval of a fifth extension of its exclusive period to file a Chapter 11 plan.

Allied asked to have until Feb. 23 to file a Chapter 11 reorganization plan, and until April 24 to solicit creditor support. The current deadlines are set for Jan. 17 and March 21.

A hearing on the matter has been scheduled for Jan. 25.

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