Footstar gets exclusivity extension to solicit votes on reorganization plan

By Caroline Salls

Pittsburgh, June 13 - Footstar Inc. obtained an extension to its exclusive period to solicit votes on its plan of reorganization, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The exclusive period was extended to Aug. 12 from June 13.

Footstar said it wanted the extension "out of an abundance of caution simply to preserve exclusivity in the unlikely event that the proposed plan is withdrawn or not confirmed."

Footstar, a Nyack, N.Y.-based retailer, filed for bankruptcy on March 2, 2004. Its Chapter 11 case number is 04-22350.

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