Leiner asks court for an extension
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Leiner Health Products Inc., the collapsed vitamin and medicine maker, asked for more time to exit bankruptcy while it resolves a tax claim and a dispute with the company that bought its assets.
Leiner, of Carson, had planned to exit bankruptcy and pay creditors using cash from the sale of its assets to nutritional-supplement maker NBTY Inc. for $385 million.
Without a longer grace period, Leiner faces “a potential risk of disruption,” according to U.S. Bankruptcy Court papers filed in Wilmington, Del.
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