Birdsall Trustee Says Execs Must Pay For Co.'s Damage

Law360, New York (August 13, 2013, 2:42 PM EDT) -- Birdsall Services Group Inc.'s bankruptcy trustee wants the company's former executives to pay for “substantial damage” the firm incurred after sliding into bankruptcy thanks to a pay-to-play scheme, telling a New Jersey court Monday that top brass purposefully ignored the illegal activity.

Trustee Erwin H. Stier slammed the former executives in an adversary complaint, saying they neglectfully lacked a compliance program to ensure they complied with New Jersey's pay-to-play law, which prohibits the state from entering into certain contracts with companies who have made or pledged...
To view the full article, register now.