Leiner asks for one-month exclusivity extension

By Jennifer Lanning Drey

Portland, Ore., June 20 - Leiner Health Products Inc. requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend the exclusive plan-filing period to Aug. 10 from July 8 and the solicitation period to Oct. 10 from Sept. 8.

Leiner said it needs the extra time to formulate a plan of liquidation because it is also working to close on the sale of substantially all of its assets, which was approved on June 11.

A hearing has been scheduled for July 7.

Leiner is a Carson, Calif.-based manufacturer of store-brand vitamins, minerals and nutritional supplements. The company filed for bankruptcy on March 10. Its Chapter 11 case number is 08-10446.

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