Creditors Rip Monitor Group's $6M Cash Collateral Request

Law360, Wilmington (January 9, 2013, 9:11 PM EST) -- Creditors of Monitor Co. Group LP on Wednesday asked a Delaware bankruptcy judge to reject the consulting firm's request to fund a wind-down account with more than $6 million in cash collateral, which the firm filed in light of its sale to Deloitte Consulting LLP.

Massachusetts-based Monitor Group filed the cash-collateral motion in December, looking forward to a January sale to Deloitte, which the debtor said would require it to maintain operations for months beyond the sale date. But the request drew opposition from Monitor's various...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.