Spectrum Brands Holdings Inc (SPB)

[chester314]

Appeal / Stay update:

The circuit court judge denied the stay on Friday. Equity committee filed notice of appeal with 5th circuit appeals court and was granted a further stay yesterday. TBD how long the stay lasts or what the appeals court does but it looks like the BK exit will not happen until the appeals court makes a decision of some type


IN THE UNITED STATES COURT OF APPEALS
FOR THE FIFTH CIRCUIT

No. 09~50664

OFFICIAL COMMITTEE OF EQUITY SECURITY HOLDERS OF SPECTRUM JUNGLE LABS CORP. Appellant

v.

SPECTRUM JUNGLE LABS CORP, Appellee

Appeal from the United States District Court for the Western District of Texas, San Antonio

Before JOLLY, WIENER, and ELROD, Circuit Judges. PER CURIAM:

The order ofthe district court, denying a stay of the July 15, 2009 confirmation order of the bankruptcy court, is suspended until further order of this court. All proceedings in the bankruptcy and district courts are stayed until further order of this court. This Order contemplates that the plan will not be implemented until this court rules on the matters now pending before it.

SO ORDERED, this the 27th day ofJuly, 2009.