Leiner granted 60-day exclusivity extension

By Jennifer Lanning Drey

Portland, Ore., July 30 - Leiner Health Products Inc. obtained a second extension to its exclusive periods to file a plan of liquidation and solicit votes on the plan Wednesday from the U.S. Bankruptcy Court for the District of Delaware, according to a source familiar with the case.

The exclusive plan-filing period was extended to Sept. 30 from July 31 and the solicitation period to Nov. 30 from Oct. 1.

When requesting the extension, Leiner said the extra time was necessary to ensure the company had adequate time to negotiate and formulate a meaningful Chapter 11 plan.

Leiner filed a plan of liquidation on July 22.

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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