DOL, GSA To Pay $24M For Bankrupt Contractor's Assets
Law360, New York (September 8, 2014, 5:40 PM EDT) -- The U.S. Department of Labor and the U.S. General Services Admission plan to pay more than $23.5 million to scoop up software and licenses from a newly bankrupt contractor that runs the DOL's cloud-based financial management systems, in hopes of speeding the transition to a new contractor, according to court filings Friday.
The contractor, Global Computer Enterprises, filed for Chapter 11 protection in the Eastern District of Virginia on Sept. 4, saying its finances had collapsed in the wake of a U.S. Department of Justice investigation into its use of foreign nationals on certain government contracts requiring American personnel.
The DOL, aided...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!