BearingPoint Gets OK For $44M Asset Sale To PwC

Law360, New York (May 29, 2009, 12:00 AM EDT) -- Bankrupt consulting firm BearingPoint Inc. has received bankruptcy court approval to sell a substantial portion of its North American commercial services unit and other assets to PricewaterhouseCoopers LLP for $44 million.

In an order issued Thursday, Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the sale of the commercial services assets and BearingPoint's global delivery center in Shanghai to PwC after the company submitted the winning bid at auction.

A PwC subsidiary had separately agreed to purchase...
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