SeraCare Equity Holders Denied Official Committee

Law360, New York (May 30, 2006, 12:00 AM EDT) -- The judge in charge of SeraCare Life Sciences Inc.’s Chapter 11 proceedings turned down a request to appoint an official equity holder’s committee, calling into question claims about SeraCare’s solvency as well as the thoroughness of the preparation of the ad hoc committee’s counsel in filing the motion.

In a “Minute Order” issued last week, U.S. Bankruptcy Judge Louise DeCarl Adler suggested that the attorneys who filed the motion seeking an official committee for equity holders hadn’t followed the court’s advice and read the transcript of...
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