Monitor Enters Ch. 11 With Deloitte As $116M Stalking Horse

Law360, Wilmington (November 8, 2012, 7:47 PM EST) -- Monitor Co. Group LP sought protection in Delaware bankruptcy court Wednesday as the international consulting firm looks to arrange its finances in advance of a planned Chapter 11 auction with Deloitte Consulting LLP set to serve as a $116 million stalking-horse bidder.

Citing a prolonged cash crisis brought about by an industry downturn and a poor global economy, the Massachusetts-based Monitor Group and a host of affiliates filed for Chapter 11, listing combined assets of about $202 million and total liabilities of roughly $200 million....
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