Owens Corning preferred, equity security holders appeal exclusivity extension

By Caroline Salls

Pittsburgh, Feb. 24 - Owens Corning's ad hoc committee of preferred and equity security holders appealed the U.S. Bankruptcy Court for the District of Delaware's order extending the exclusive plan of reorganization filing and solicitation periods, according to a Thursday filing.

Owens Corning's exclusive periods to file a plan of reorganization and solicit votes on the plan were extended on Feb. 13 to July 31 from Jan. 31.

Judge Judith K. Fitzgerald said in her order that the extension was based on the size and complexity of Owens Corning's case and to allow it more time to negotiate an amended plan of reorganization.

Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-3837.

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