Lenox disclosure statement hearing adjourned until Feb. 11

By Rebecca Melvin

New York, Jan. 26 - Lenox Group Inc.'s disclosure statement hearing at the U.S. Bankruptcy Court for the Southern District of New York has been adjourned until Feb. 11, an attorney close to the case said.

The hearing was initially adjourned last week because financing hadn't yet been secured by Lenox term-loan lenders that are attempting to bid for substantially all Lenox assets.

The lenders' purchase of the assets is a key element of the plan, and Feb. 9 is the deadline for such financing.

Eden Prairie, Minn.-based Lenox is a maker of tableware, collectibles and giftware. It filed for Chapter 11 bankruptcy protection on Nov. 23, and its Chapter 11 case number is 08-14679.

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