Bayou Group Wins Plan Extension

Law360, New York (March 1, 2007, 12:00 AM EST) -- A bankruptcy judge has given Bayou Group six more months to file its reorganization plan, renewing the failed hedge fund’s hope of recouping more than $126 million in investments that evaporated when the company went bankrupt.

The extension was granted on Feb. 27 by Judge Adlai S. Hardin Jr. in the Southern District of New York. It gives the Stamford, Conn.-based hedge fund until Aug. 28 to file a plan and until Oct. 29 to solicit creditor support.

Bayou had the support of the creditors committee...
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