Creditors Balk At BearingPoint Unit Sale To Deloitte

Law360, New York (April 15, 2009, 12:00 AM EDT) -- Signaling a potential battle over the deal, two groups of creditors of bankrupt technology consulting company BearingPoint Inc. have lodged objections to a proposed sale of the company's primary business unit to Deloitte LLP, a key element of the company's restructuring effort.

The official committee of unsecured creditors in the case and a trustee for the holders of $450 million in debentures filed their objections to the proposed sale on Wednesday in the U.S. Bankruptcy Court for the Southern District of New York.

A hearing date...
To view the full article, register now.