US, Deloitte Fight BearingPoint Liquidation Plan

Law360, New York (December 14, 2009, 6:47 PM EST) -- The U.S. government and Deloitte LLP have both filed objections to BearingPoint Inc.'s second amended Chapter 11 liquidation plan, saying the technology consulting firm's plan attempts to escape liabilities to both the U.S. and Deloitte.

Deloitte filed its opposition to the plan on Monday in the U.S. Bankruptcy Court for the Southern District of New York. The U.S. filed its opposition on Friday in the same court.

Deloitte argues in its objection that the Chapter 11 plan ignores obligations to it under an asset purchase agreement...
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