Former Schutt Sports seeks second three-month exclusivity extension

By Jennifer Lanning Drey

Savannah, Ga., April 1 - SSI Liquidating, Inc., formerly Schutt Sports, Inc., requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend the exclusive plan-filing period to July 5 from April 4 and the solicitation period to Sept. 1 from June 3.

If granted, the extension would be the company's second.

Schutt said it expects its plan to be confirmed on May 9 but is seeking the extension out of "an abundance of caution."

The company noted that its limited personnel and management have been focused on mediating and seeking approval of a settlement with Riddell, Inc. and other related parties, working with the committee to prepare and file a plan, and moving the case toward confirmation.

A hearing is scheduled for May 9.

Schutt, a Litchfield, Ill.-based sports equipment manufacturer, filed for bankruptcy on Sept. 6. The Chapter 11 case number is 10-12795.

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