Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Savient Pharmaceuticals, Inc. > News item |
Savient wins exclusivity extension to negotiate and implement plan
By Caroline Salls
Pittsburgh, Feb. 21 - Savient Pharmaceuticals, Inc. received an extension to its exclusive plan of liquidation filing and plan vote solicitation periods, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.
Savient's exclusive filing period was extended to May 12 from Feb. 11 and the solicitation period to July 11 from April 12.
The company said the extension will give it the opportunity to fully negotiate, confirm and implement a liquidating plan for the distribution of assets to creditors.
As previously reported, Savient filed a liquidation plan and related disclosure statement on Feb. 10.
Savient, an East Brunswick, N.J., pharmaceutical company, filed for bankruptcy on Oct. 15. The Chapter 11 case number is 13-12680.
© 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.