DOI To Pay $5M To Settle BearingPoint Contract Suits

Law360, New York (June 8, 2011, 1:33 PM EDT) -- The U.S. Department of the Interior agreed Tuesday to drop a $47 million claim and instead cough up a $5 million judgment in order to settle two suits brought by once-bankrupt technology consulting firm BearingPoint Inc. over a canceled contract.

Judge Thomas C. Wheeler of the U.S. Court of Federal Claims signed off on a $5 million judgment in favor of BearingPoint, which emerged from bankruptcy in 2009, and left each side to bear its owns costs and attorneys' fees pursuant to a settlement agreement the...
To view the full article, register now.