Footstar seeks extension to exclusive period to solicit votes on plan

By Caroline Salls

Pittsburgh, May 31 - Footstar Inc. requested an extension to its exclusive period to solicit votes on its plan of reorganization, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company wants to extend its period to solicit votes on the plan to Aug. 12 from June 13.

Footstar said it wants the extension "out of an abundance of caution simply to preserve exclusivity in the unlikely event that the proposed plan is withdrawn or not confirmed."

Footstar, a Nyack, N.Y.-based retailer, filed for bankruptcy on March 2, 2004. Its Chapter 11 case number is 04-22350.

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