SeraCare’s Shareholders Want Meeting With Company

Law360, New York (June 28, 2006, 12:00 AM EDT) -- SeraCare Life Sciences Inc.’s ad hoc committee of equity holders is pushing for a shareholder meeting or an end to the bankrupt company’s exclusivity period, according to a motion it filed Monday with the U.S. Bankruptcy Court in San Diego.

The ad hoc committee, which comprises about 28.5% of SeraCare’s outstanding equity, wants the judge to lift an automatic stay that prevents it from continuing its dispute in California Superior Court.

In their motion, the shareholders said SeraCare had violated California law by not holding a...
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