Birdsall Creditors Back Liquidation Amid Pay-To-Play Woes

Law360, New York (June 4, 2013, 2:49 PM EDT) -- A committee of unsecured creditors on Monday signed off on an expedited auction of bankrupt engineering firm Birdsall Services Group Inc.'s assets in New Jersey bankruptcy court, saying it was the best possible option available in the wake of a damaging $3.6 million pay-to-play settlement.

The unsecured creditors committee said the threat of pending and potential criminal charges against Birdsall and its executives for an alleged scheme to funnel donations to political campaigns to help win contracts, as well as the $3.6 million settlement with New...
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