Midway Games gets two-month extension of its exclusivity periods

By Jennifer Lanning Drey

Portland, Ore., July 1 - Midway Games, Inc. was granted a two-month extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan Wednesday from the U.S. Bankruptcy Court for the District of Delaware.

Midway's exclusive plan-filing period was extended to Aug. 10 from June 12 and the solicitation period to Oct. 9 from Aug. 11.

The company had asked that its exclusive plan-filing period be extended to Sept. 10 and the solicitation period to Nov. 9.

When requesting the extension, Midway said once its asset sale was approved, it would be in a position to finalize negotiations with its creditor constituencies on the terms of a proposed plan.

The asset sale was also approved July 1.

Midway Games, based in Chicago, is a developer and publisher of interactive entertainment software for videogame systems and personal computers. The company filed for bankruptcy on Feb. 12, and its Chapter 11 case number is 09-10465.

© 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.