Qimonda Richmond obtains exclusivity extension to liquidate assets

By Caroline Salls

Pittsburgh, Jan. 13 - Qimonda Richmond, LLC obtained a third extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to April 30 from Jan. 18 and the solicitation period to June 29 from March 19.

Qimonda said it needs more time to liquidate assets and review its claims pool before starting a plan process.

Qimonda Richmond, a U.S. subsidiary of Munich, Germany-based semiconductor memory products producer Qimonda AG, filed for bankruptcy on Feb. 20, 2009. The Chapter 11 case number is 09-10589.

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