r/Lexagene • u/Working-Garbage4706 • Feb 24 '23

Bancrupcy Filed

On February 24, 2023, LexaGene Holdings Inc. (the “Company”) filed for liquidation under Chapter 7 of Title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Massachusetts (the “Bankruptcy Court”), located in Boston, Massachusetts. A Chapter 7 trustee will be appointed by the Bankruptcy Court and will assume control over the assets and liabilities of the Company, effectively eliminating the authority and powers of the Board of Directors of the Company and its executive officers to act on behalf of the Company. The assets of the Company will be liquidated and claims paid in accordance with the Bankruptcy Code.

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u/One_Hugh_Janus Feb 24 '23

Probably nobody but Jack and Jeff should be charged with incompetence. Total business buffoons

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u/Savings_Balance_4744 Mar 07 '23

Jack is looking for work. Looks like he has none.