Monitor Group, Creditors Spar Over Speed Of Ch. 11 Sale

Law360, Wilmington (November 20, 2012, 9:56 PM EST) -- Bankrupt Monitor Co. Group Inc. and its newly formed creditors committee jousted in Delaware bankruptcy court Tuesday over the expedited schedule proposed for the consulting firm's planned Chapter 11 stalking horse auction, which the committee said provided little time for rival bidders to emerge.

Massachusetts-based Monitor Group, which entered bankruptcy Nov. 7 with Deloitte Consulting LLP lined up as a $116 million stalking horse bidder, argued that unless a sale was consummated quickly its value would dwindle, while the committee countered that a speedy process would...
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