Former Schutt Sports granted precautionary exclusivity extension

By Caroline Salls

Pittsburgh, May 6 - SSI Liquidating, Inc., formerly Schutt Sports, Inc., received an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to July 5 from April 4 and the solicitation period to Sept. 1 from June 3.

Schutt said it was seeking the extension out of "an abundance of caution." The company's plan confirmation hearing is scheduled for May 9, and it said it expected the plan to be confirmed then.

The company noted that its limited personnel and management have been focused on mediating and seeking approval of a settlement with Riddell, Inc. and other related parties, working with the committee to prepare and file a plan, and moving the case toward confirmation.

Schutt, a Litchfield, Ill.-based sports equipment manufacturer, filed for bankruptcy on Sept. 6. The Chapter 11 case number is 10-12795.

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