Amcast Bids For Exclusivity Period Extension

Law360, New York (March 13, 2006, 12:00 AM EST) -- Amcast Industrial Corp. has asked a federal bankruptcy judge to extend its exclusive control over its Chapter 11 proceedings, a move that would grant the bankrupt wheel maker the sole authority to develop a reorganization plan.

If the bid is approved, Amcast, whose current exclusivity period ends March 31, would have until Sept. 27 to develop the plan and until Nov. 26 to lobby creditors to accept its terms.

In court papers filed last week in the U.S. Bankruptcy Court for the Southern District of Indiana,...
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