SeraCare Life Sciences OTC:SRLSQ - SeraCare gets month extension to file Chapter 11 plan
SeraCare Life Sciences OTC:SRLSQ - SeraCare gets month extension to file Chapter 11 plan
Aug. 4 is deadline for shareholder deal also
UNION-TRIBUNE STAFF AND NEWS SERVICES
July 12, 2006
SeraCare Life Sciences has received an extension to Aug. 4 to file a Chapter 11 plan and work out a deal with shareholders trying to end the company's exclusive control over its bankruptcy case.
The Oceanside company said in court papers filed Friday that it has reached an agreement with an ad hoc committee of shareholders to extend by a month the company's exclusive period to file a plan.
The agreement also gives the company through Oct. 4 to win creditors' support for the plan.
The deal comes after the shareholder group asked the U.S. Bankruptcy Court in San Diego to end SeraCare's exclusive control over its Chapter 11 case so that the group could file its own turnaround plan for the company.
Biotech News
Aug. 4 is deadline for shareholder deal also
UNION-TRIBUNE STAFF AND NEWS SERVICES
July 12, 2006
SeraCare Life Sciences has received an extension to Aug. 4 to file a Chapter 11 plan and work out a deal with shareholders trying to end the company's exclusive control over its bankruptcy case.
The Oceanside company said in court papers filed Friday that it has reached an agreement with an ad hoc committee of shareholders to extend by a month the company's exclusive period to file a plan.
The agreement also gives the company through Oct. 4 to win creditors' support for the plan.
The deal comes after the shareholder group asked the U.S. Bankruptcy Court in San Diego to end SeraCare's exclusive control over its Chapter 11 case so that the group could file its own turnaround plan for the company.
Biotech News
posted by Bill Austin - SeraCare Life Sciences OTC:SRLSQ - SeraCare gets month extension to file Chapter 11 plan
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