We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fedders Seeks Third Exclusivity Extension

Law360 (April 16, 2008, 12:00 AM EDT) -- Air-conditioner manufacturer Fedders Corp. has asked for a third extension of its exclusivity period to file a reorganization plan, warning the court overseeing its Chapter 11 proceedings that if it allows the filing of competing restructuring plans, resulting expenses could diminish creditors' recoveries.

Fedders filed its motion on Monday in the U.S. Bankruptcy Court for the District of Delaware, seeking 47-day extensions of its exclusive rights to file and lobby for support of its bankruptcy exit plan. The company's exclusive filing rights were slated to expire...
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.