March 17, 2008
Prospector
Profile
3-14-002
 
Leiner Health Products, Inc. NAICS 325412
901 East 23rd Street Carson, CA 90745 Description Pharmaceutical Preparations
(310) 835-8400 Employees 2032
http://www.leiner.com/ Revenue (mil) 735.2400
  Income (mil) -22.2900
  Assets (mil) 416.1000
  Liability (mil) 531.1800
  (for the year ended 2007-03-31)
 
Category: Bankruptcy
 
Event: Leiner Health Products, Inc., and its debtor-affiliates LHP Holding Corp., Leiner Health Products, LLC, and Leiner Health Services Corp., filed separate Chapter 11 petitions on March 10, 2008, with the U.S. Bankruptcy Court for the District of Delaware (Delaware), lead case number 08-10446, Judge Kevin J. Carey presiding.
 
Intellectual Property: The Company regards trademarks and other intellectual property rights as valuable assets and believes they are important in the marketing of products. Among its most significant trademarks are Your Life(R) and Pharmacist Formula(R). It has registered these and other material trademarks in the United States and some foreign countries. The Company intends to maintain the foreign and domestic registrations of trademarks so long as they remain valuable to its business. [SEC Filing 10-K 06-29-07]
 
Description: Leiner Health Products, Inc., manufactures and supplies store brand vitamins, minerals and nutritional supplements products, and over-the-counter pharmaceuticals in the US food, drug and mass merchant and warehouse club retail market.
 
Officers: Charles F. Baird, Jr. (Chair); Robert M. Kaminski (Vice Chair & CEO); Kevin McDonnell (EVP & CFO); Robert J. La Ferriere (EVP-Supply Chain); Kevin J. Lanigan (EVP & Corporate Gen. Manager); Robert K. Reynolds (Dir); John Gilligan (Dir.); Prescott H. Ashe (Dir.); Monty Sharma (Dir.)
 
Auditor: Ernst & Young LLP
 
Attorneys: Richards, Layton & Finger, P.A.; Wilmington, Del.; (302) 651-7595 Jason M. Madron, Esq.; Mark D. Collins, Esq.
 
Securities: 1,000 shares outstanding as of June 30, 2007. 11% senior subordinated notes due 2012
 
Notes: When the Company filed for Chapter 11 protection, it listed estimated assets of $500 million to $1 billion and estimated debts of $500 million to $1 billion.
 
 
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