We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Creditors Balk At BearingPoint Unit Sale To Deloitte

Law360 (April 15, 2009, 12:00 AM EDT) -- Signaling a potential battle over the deal, two groups of creditors of bankrupt technology consulting company BearingPoint Inc. have lodged objections to a proposed sale of the company's primary business unit to Deloitte LLP, a key element of the company's restructuring effort.

The official committee of unsecured creditors in the case and a trustee for the holders of $450 million in debentures filed their objections to the proposed sale on Wednesday in the U.S. Bankruptcy Court for the Southern District of New York.

A hearing date...
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.