Local Insight Wins Extension Of Ch. 11 Exclusivity

Law360, New York (March 29, 2011, 7:59 PM EDT) -- A bankruptcy judge on Tuesday extended Local Insight Media Holdings Inc.'s exclusive right to file a reorganization plan for 90 days, over the objections of unsecured creditors who said the Yellow Pages publisher was marginalizing their participation in the case.

Judge Kevin Gross signed off on the extension at a hearing in the U.S. Bankruptcy Court for the District of Delaware, noting that the official committee of unsecured creditors had been “quite aggressive” in the case, which may have contributed to a lack of cooperation from...
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.