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US Wants Trustee Or Ch. 7 For KaloBios After Shkreli Arrest

By Kurt Orzeck (February 1, 2016, 11:43 PM EST) -- The U.S. trustee in the Delaware bankruptcy of KaloBios Pharmaceuticals Inc. on Monday recommended that management for the beleaguered company, previously led by recently arrested investor Martin Shkreli, be replaced by an independent trustee, or that the company face possible liquidation under Chapter 7....

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