SeraCare Wins Another Extension Of Exclusive Period

Law360, New York (August 3, 2006, 12:00 AM EDT) -- A bankruptcy judge has granted SeraCare Life Sciences Inc. additional time to hold on to its exclusive right to submit a reorganization plan as the company negotiates a deal with shareholders, who have long called for an end to its complete control over its Chapter 11 proceedings.

U.S. Bankruptcy Judge Louise DeCarl Adler extended SeraCare’s exclusivity period to propose a plan through Aug. 25 on Thursday in the U.S. Bankruptcy Court for the Southern District of California.

The company also received more time to lobby for...
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