K-V Pharma Wins 3 More Months To File Ch. 11 Plan

Law360, New York (November 16, 2012, 6:13 PM EST) -- K-V Pharmaceutical Co. now has until Feb. 4 to file a Chapter 11 plan without worrying about other constituencies floating their own, as a New York bankruptcy judge on Friday granted its request for an extension of the exclusivity period.

Overruling an objection by Hologic Inc., which had argued that the debtor had made no meaningful progress and was not financially viable, U.S. Bankruptcy Judge Allan L. Gropper extended K-V's exclusivity period for filing a plan by three months. The exclusivity period for soliciting plan acceptances...
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