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China Fishery Given Short Leash By NY Judge In Ch. 11

Law360, New York (October 25, 2016, 9:07 PM EDT) -- A New York bankruptcy judge on Tuesday gave China Fishery Group Ltd. additional breathing room from creditors as the frozen fish distributor explores a possible global reorganization but expressed skepticism about the company’s Chapter 11 after bank lenders complained they’ve been left in the dark.

U.S. Bankruptcy Judge James Garrity said at a court hearing in Manhattan that he would extend through at least January 6 the period in which China Fishery can exclusively file a plan of reorganization. The grace period was set to expire...
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