More Time for Reorganization Plan

A bankruptcy judge has extended the exclusive right of Smurfit-Stone Container Corp to file a plan of reorganization for four more months, over the objection of investment funds.

The objection was overruled by judge Brendan Shannon and it has been said, many of the funds' arguments will be heard again on Jan. 29, when the court will hear their request to convert the Finance II bankruptcy to a Chapter 7 liquidation.