Biolitec CEO Neuberger Ordered Arrested by U.S. Judge
By Karen Gullo & Janelle Lawrence - Apr 12, 2013 8:41 AM ET
Biolitec AG (BIB) Chief Executive Officer Wolfgang Neuberger was ordered arrested by a federal judge in Massachusetts who said Neuberger failed to comply with a court order to not carry out a merger with Biolitec’s Austrian subsidiary.
The order was issued in a lawsuit brought against the German company by AngioDynamics Inc. U.S. District Judge Michael Ponsor said in yesterday’s order that he would refer the case to U.S. prosecutors for a criminal-contempt prosecution.
Biolitec spokesman Joern Gleisner said the company’s U.S. lawyer will appeal the order.
Biolitec, based in Jena, Germany, merged with its Austrian unit on March 15, the company said in a March 18 statement. Biolitec produces lasers, laser delivery systems and optical fibers.
The U.S. case is AngioDynamics Inc. (ANGO) v. Biolitec AG, 09- 30181, U.S. District Court, District of Massachusetts.
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