Vertis Holdings 70-day fifth exclusivity extension approved by court

By Kali Hays

New York, Feb. 25 - A court approved Vertis Holdings, Inc.'s fifth extension of its exclusive plan of reorganization filing and solicitation periods, according to a Tuesday order from the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive filing periods will be extended through April 14 from Feb. 3 and its solicitation period extended through June 12 from April 7, the order stated.

As previously reported, the company sought another extension to maintain the status quo until it is able to conclude its Chapter 11 cases in a manner designed to maximize value for all stakeholders.

Vertis, a Baltimore-based marketing communications company, filed for bankruptcy on Oct. 10, 2012. Its Chapter 11 case number is 12-12821.

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