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Corporations
Banking
Directors and Officers Litigation

In re BearingPoint Inc.

Published: Apr. 6, 2013 | Result Date: Mar. 21, 2013 | Filing Date: Jan. 1, 1900 |

Case number: 09-10691 (REG) Settlement –  $55,000,000

Court

U.S. Bankruptcy Court, Southern District of New York


Attorneys

Plaintiff

Peter S. Goodman

Robert M. Manley

Kevin G. Hroblak

Basil A. Umari

William F. Ryan Jr.
(Whiteford, Taylor & Preston LLP)

Lewis T. LeClair


Defendant

Paul C. Curnin

Roberta A. Evans


Facts

John DeGroote Services LLC, the liquidating trustee to the BearingPoint Inc. Liquidiating Trust, filed suit against former directors and the former chief executive officer of BearingPoint Inc. DeGroote requested that the former directors be held in contempt and that sanctions be imposed on them for violating a court order.

Result

The parties settled. In exchange for a release of all claims, the Trust will receive $55 million.


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