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Judge Sets August Auction for Spectrum Analytical Labs

Submitted by jhartgen@abi.org on

The lawyer in charge of Spectrum Analytical Inc. is preparing to sell the Massachusetts-based environmental testing lab's operations at a Aug. 25 bankruptcy auction after a judge announced a sale timeline, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Henry Boroff set an Aug. 20 bid deadline for buyers who want to make an offer for Spectrum Analytical's operations, said Steven Weiss who took over the company earlier this year as chapter 11 trustee. Bidders will have to challenge a $5 million offer in hand from Eurofins Scientific Inc.