Global Motorsport granted 120-day exclusivity extension

By Caroline Salls

Pittsburgh, Sept. 9 - Global Motorsport Group, Inc. has received a 120-day extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company's exclusive plan-filing period was extended to Sept. 29 and the solicitation period to Nov. 27.

According to the motion, Global Motorsport is focused on negotiating the terms of a plan of reorganization as well as dealing with post-sale closing issues.

The company said it also needs more time to analyze claims.

Global Motorsport, a Morgan Hill, Calif.-based wholesale distributor of aftermarket motorcycle parts and accessories, filed for bankruptcy on Jan. 31, 2008. Its Chapter 11 case number is 08-10192.

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