Mervyn's requests three-month exclusivity extension to complete liquidation

By Caroline Salls

Pittsburgh, Feb. 5 - Mervyn's Holdings LLC is seeking a second extension to its exclusive periods to file a plan of liquidation and soliciting votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan-filing period to May 25 from Feb. 24 and the solicitation period to June 24, 2009 from March 26.

According to the motion, the company needs more time to complete the liquidation of its assets.

A hearing is scheduled for Feb. 25.

Mervyn's, a San Francisco-based department store, filed for bankruptcy on July 29, 2008. Its Chapter 11 case number is 08-11586.

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