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
William F. Ryan Jr.
(Whiteford, Taylor & Preston LLP)
Defendant
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.
#99862
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390