BearingPoint Disclosure Statement Gets Court OK

Law360, New York (November 5, 2009, 2:56 PM EST) -- A bankruptcy court judge has approved bankrupt technology consulting firm BearingPoint Inc.'s disclosure statement, days after plaintiffs in a shareholder class action objected to the company's Chapter 11 liquidation plan.

In approving the disclosure statement Wednesday, Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York set a hearing for the confirmation of the firm's liquidation plan for Dec. 17. The deadline for objections to the liquidation plan is Dec. 10, according to the order.

BearingPoint's plan, filed Oct. 5...
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