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A dispute between two companies that sell fetal bovine serum used in medical research continues in U.S. Bankruptcy Court, with the court-appointed Chapter 7 trustee receiving authorization to examine bank accounts held by a third serum company.
Atlas Biologicals Inc., a Fort Collins company that produces fetal bovine serum, has filed an adversarial action in the Thomas Kutrubes personal bankruptcy, seeking to prevent the discharge of a court-ordered penalty in Kutrubes’ bankruptcy.
WELLINGTON — Biologics maker Peak Serum Inc. has promoted a new CEO to replace its founder and owner as a court-appointed bankruptcy trustee prepares to sell the company. In a statement from the Wellington company Tuesday, the U.S. bankruptcy trustee in charge of the company’s case ordered that Thomas Kutrubes be removed from the firm. Michael Dodge, the company’s current global sales director, was selected as interim CEO. Sponsored Content You’re maxing your tech “muscle.” You’ve increased speed, storage capacity, apps, cell services, etc. And along with all this new power you...