Judge OKs BearingPoint Ch. 11 Liquidation Plan

Law360, New York (December 17, 2009, 5:32 PM EST) -- A bankruptcy judge approved BearingPoint Inc.'s Chapter 11 reorganization plan in a hearing Thursday despite several objections, according to an attorney for the former technology consulting unit of KPMG LLP.

Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York signed off on the plan, an attorney with Weil Gotshal & Manges LLP said.

BearingPoint's plan, filed Oct. 5, will liquidate its assets, including its North American commercial operations, to PricewaterhouseCoopers LLP for $1.76 billion and a major portion of...
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