Nellson Nutraceutical obtains exclusivity extension

By Jennifer Lanning Drey

Eugene, Ore., May 25 - Nellson Nutraceutical, Inc. obtained 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's exclusive plan was extended to Sept. 25 and the solicitation period to Nov. 24.

Nellson had requested a 190-day extension that would have extended its exclusive plan filing period to Dec. 3, 2006 and the solicitation period to Feb. 1, 2007.

The company said in a previous filing that the extension was necessary because there is a difference of opinion about its enterprise value, and litigation is likely.

Nellson, an Irwindale, Calif., nutrition bar and powder manufacturer, filed for bankruptcy on Jan. 28. Its Chapter 11 case number is 06-10072.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.