Riverstone Wins Extension On Liquidation Plan

Law360, New York (June 19, 2006, 12:00 AM EDT) -- The former Riverstone Networks Inc. has scored an extension to its Chapter 11 liquidation plan after the ethernet provider requested additional time to decide how to slice up the proceeds from its $207 million sale to rival company Lucent Technologies Inc.

The company, which filed for bankruptcy protection on Feb. 7 and is now known as RNI Wind Down Corp., won an extension on its liquidation plan through July 12 in the U.S. Bankruptcy Court for the District of Delaware on Friday.

It also received court...
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