Leiner requests 60-day exclusivity extension

By Jennifer Lanning Drey

Portland, Ore., July 14 - Leiner Health Products Inc. requested a second 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 Sept. 30 from July 31 and the solicitation period to Nov. 30 from Oct. 1.

Leiner said the extension is necessary to ensure the company has adequate time to negotiate and formulate a meaningful plan of reorganization while also continuing to resolve creditors' claims and ongoing litigation related to the claims.

A hearing is scheduled for July 30.

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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