( KAIR )--A lawsuit filed last week by MGP Ingredients, Inc., against The Cray Group has been unsealed, revealing numerous accusations against the company's Voting Trust, made up of Ladd Seaberg, his wife Karen Seaberg, and her uncle, Richard B. Cray.

The suit alleges – among other things – that Ladd Seaberg and Richard Cray are unqualified to serve as co-trustees due to what the suit claims are significant, evident, and apparent health issues. It also claims that Karen Seaberg doesn't own a sufficient number of shares of the company's common stock to be a trustee.

On Thursday, Seaberg responded to those allegations...( play audio )

The suit comes weeks after Cray Family Management, LLC - comprised of family members of the original founders of the company - called for the resignation of MGP President and CEO Tim Newkirk in a filing with the SEC. The filing also states that Cray Family Management had concerns with what it says were efforts to sell parts of the company's business.

MGP Ingredients had been scheduled to hold its annual stockholders meeting on May 23rd, but the meeting was adjourned due to a lack of a quorum caused in part by the voting trust revoking its proxies.

The voting trust, made up of the previously mentioned Ladd Seaberg, Karen Seaberg, and Richard B. Cray, holds approximately 75 percent of the company's preferred stock.

MGP Ingredients' stock is comprised of common and preferred stock, with the separation put in place when the company went public in the 1980's.