Diamond Plan Administrator Motions for Extension of Claims Objection Deadline; More Than 760 Claims Have Been Made
August 27, 2009

The plan administrator for the Diamond Glass bankruptcy case has filed a motion with the court requesting an extension of the deadline to object to claims made in the case. The case, filed in April 2008, continues to wind down, though the assets of Diamond Glass, now known as DG Liquidation Corp., were sold to Belron US via an auction last year.

If the motion is passed, the time to object to claims made in the case will be extended by 90 days-through November 3, 2009; the original deadline would have been August 5.

In the document, filed earlier this month, Cozen O'Conner, counsel for the plan administrator Alfred T. Giuliano, notes that more than 760 proofs of claims have been made in the Diamond case.

"Since the effective date, the plan administrator has been reviewing the claims in order to determine the validity of each of the claims filed against the estate and comparing the claims to the extent necessary to the Debtors' books and records," reads the recent motion. "The Plan Administrator has determined he is unable to complete his review and file all Claim objections by the Claim Objection Deadline. The extension of the Claims Objection Deadline will also facilitate the Plan Administrator's resolution of disputes with respect to Claims on a consensual basis and reduce the cost associated with formal objection to claims."
The details of the claims made have not been released.

CLICK HERE for full text of motion.

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