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Hampshire Group Exclusivity Extension Approved

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The U.S. Bankruptcy Court approved Hampshire Group’s fourth motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including September 20, 2017 and November 20, 2017, respectively.

As previously reported, “Shortly after entry of the Third Extension Order, the Debtors and the Committee jointly filed their Proposed Plan, Proposed Disclosure Statement, and the Solicitation Motion. The Debtors believe the proposed timetable set forth in the Solicitation Motion is fair and reasonable to all parties in interest and that the relief requested therein represents the best option to bring these cases to a consensual resolution in an expeditious and orderly manner.”

In addition, “While the Debtors believe the Plan can, and should, be confirmed on the proposed timetable set forth in the Solicitation Motion, out of an abundance of caution, the Debtors are filing this Motion to preserve the status quo in these cases through one week after the requested date of the hearing on confirmation of the Proposed Plan and final approval of the Proposed Disclosure Statement.”

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