Monitor Group's Ch. 11 Auction Pushed To January

Law360, Wilmington (November 21, 2012, 9:26 PM EST) -- A Delaware bankruptcy judge on Wednesday pushed back Monitor Co. Group Inc.'s planned Chapter 11 sale into January, finding the December date favored by the consulting firm and its stalking horse bidder Deloitte Consulting LLP did not leave enough time for rival bidders to emerge

Monitor Group entered bankruptcy Nov. 7 with a $116 million stalking bid from Deloitte in hand and had sought approval for a Dec. 10 auction, contending that without a quick turnaround its value would be irreparably reduced as rival outfits lured...
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