Sea Containers' Exclusivity Extension Bid Granted

Law360 (June 7, 2007, 12:00 AM EDT) -- The judge overseeing Sea Containers Ltd.'s Chapter 11 proceedings has signed off on the company's request to extend its exclusive rights to file and seek support for its reorganization plan.

U.S. Bankruptcy Judge Kevin Carey on Tuesday issued an order extending Sea Containers' exclusive rights to file a restructuring plan through Sept. 28, 2007, and the company's exclusive rights to lobby for acceptance of its plan through Nov. 27, 2007.

Sea Containers asked Judge Carey for more time to file its reorganization plan in May....
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