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Zenith Labs Chapter 11

Executive Summary

Reorganization plan filing deadline extended 120 days from Sept. 1 to Dec. 30. Generics company noted at the Aug. 29 hearing in Newark Federal Court that a further extension may be required. Court also extended Zenith's right to use collateral, subject to the requirement that monthly interest payments be made to the five-bank consortium. Zenith filed for Chapter 11 on May 4.

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