K-V Pharma Gets More Time To Hammer Out Ch. 11 Plan

Law360, New York (May 8, 2013, 7:22 PM EDT) -- K-V Pharmaceutical Co. on Wednesday received extra time to put together a new Chapter 11 plan to replace the reorganization plan currently on the table, following a 2 1/2-hour conference with a New York bankruptcy judge.

U.S. Bankruptcy Judge Allan L. Gropper emerged from the conference to say that the hearing — to approve the new debtor-in-possession financing package K-V had secured and the disclosure statement attached to the currently proposed plan — would be postponed to the end of May. The hearing already had been...
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.