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In arriving at this position, we note that: This position is based on the representations made to the Division in your letter.Any different facts or conditions might require the Division to reach a different conclusion.

Read More In accordance with the Settlement Agreement and following receipt by the Bearing Point, Inc. Liquidating Trust, announced today a $28 million special litigation distribution to creditors.

Liquidating Trust of the agreed-upon $55,000,000, an Order of Dismissal was signed by the Circuit Court for the County of Fairfax, Virginia, dismissing the Complaint filed by John De Groote Services, LLC against F. This supplemental distribution will be made immediately and results from the Trust’s lawsuit against former Directors and the former Chief Executive Officer of Bearing Point, Inc., which was settled for $55 million with no admission of liability.

The settlement agreement has been submitted for approval to the Honorable Robert E. Liquidating Trust (“the Bearing Point Trustee”), announced today that the Circuit Court for Fairfax County, Virginia ordered that a lawsuit against Bearing Point, Inc.’s former Chief Executive Officer and a number of its former directors will proceed, denying the Defendants’ attempts to dismiss the 88-page Complaint.

Gerber of the United States Bankruptcy Court for the Southern District of New York. Read Full Article This site is in no way affiliated with any entity currently providing services under the name "Bearing Point" in the United States or anywhere else in the world, all of whom purchased their businesses from the Bearing Point bankruptcy estate in 2009 - 2010.

With this distribution, the Trust has returned over $476 million to Bearing Point’s creditors, including payment in full to secured lenders, full satisfaction of Bearing Point, Inc.’s Paid Time Off obligations to former employees, payment of over $4 million to additional administrative and priority creditors, and $54 million to unsecured creditors.

The Unsecured Creditor Pool now stands at approximately 1 million.“This distribution caps a three-year effort by our team.We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.De Groote has agreed to dismiss his request to the New York Bankruptcy Court to hold the three former directors in contempt and impose sanctions for violating a court order by filing the lawsuit against him in Virginia.The Complaint further alleges that the failures of the directors were avoidable, and directly resulted in the decline of the Company’s value and inability to obtain the best price available for its assets, which the directors could have achieved by either selling the Company as a whole for a price in the approximate range of

The Unsecured Creditor Pool now stands at approximately $781 million.“This distribution caps a three-year effort by our team.We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.De Groote has agreed to dismiss his request to the New York Bankruptcy Court to hold the three former directors in contempt and impose sanctions for violating a court order by filing the lawsuit against him in Virginia.The Complaint further alleges that the failures of the directors were avoidable, and directly resulted in the decline of the Company’s value and inability to obtain the best price available for its assets, which the directors could have achieved by either selling the Company as a whole for a price in the approximate range of $1 billion to $1.4 billion or by selling the Company’s businesses for an aggregate price of $1.56 to $2.3 billion. The hearing before the United States Bankruptcy Court for the Southern District of New York on the Motion for an Order (A) Enforcing Confirmation Order, (B) Holding F. On February 7, 2013, the Court entered an Order finding that: 1. The Court further ordered that: A) The Former Directors are enjoined from prosecuting or continuing the claims brought in the New Virginia Lawsuit in any forum other than that of the Honorable Robert E.

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The Unsecured Creditor Pool now stands at approximately $781 million.

“This distribution caps a three-year effort by our team.

We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.

“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.

De Groote has agreed to dismiss his request to the New York Bankruptcy Court to hold the three former directors in contempt and impose sanctions for violating a court order by filing the lawsuit against him in Virginia.

The Complaint further alleges that the failures of the directors were avoidable, and directly resulted in the decline of the Company’s value and inability to obtain the best price available for its assets, which the directors could have achieved by either selling the Company as a whole for a price in the approximate range of $1 billion to $1.4 billion or by selling the Company’s businesses for an aggregate price of $1.56 to $2.3 billion. The hearing before the United States Bankruptcy Court for the Southern District of New York on the Motion for an Order (A) Enforcing Confirmation Order, (B) Holding F. On February 7, 2013, the Court entered an Order finding that: 1. The Court further ordered that: A) The Former Directors are enjoined from prosecuting or continuing the claims brought in the New Virginia Lawsuit in any forum other than that of the Honorable Robert E.

||

The Unsecured Creditor Pool now stands at approximately $781 million.

“This distribution caps a three-year effort by our team.

We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.

“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.

billion to

The Unsecured Creditor Pool now stands at approximately $781 million.“This distribution caps a three-year effort by our team.We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.De Groote has agreed to dismiss his request to the New York Bankruptcy Court to hold the three former directors in contempt and impose sanctions for violating a court order by filing the lawsuit against him in Virginia.The Complaint further alleges that the failures of the directors were avoidable, and directly resulted in the decline of the Company’s value and inability to obtain the best price available for its assets, which the directors could have achieved by either selling the Company as a whole for a price in the approximate range of $1 billion to $1.4 billion or by selling the Company’s businesses for an aggregate price of $1.56 to $2.3 billion. The hearing before the United States Bankruptcy Court for the Southern District of New York on the Motion for an Order (A) Enforcing Confirmation Order, (B) Holding F. On February 7, 2013, the Court entered an Order finding that: 1. The Court further ordered that: A) The Former Directors are enjoined from prosecuting or continuing the claims brought in the New Virginia Lawsuit in any forum other than that of the Honorable Robert E.

||

The Unsecured Creditor Pool now stands at approximately $781 million.

“This distribution caps a three-year effort by our team.

We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.

“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.

De Groote has agreed to dismiss his request to the New York Bankruptcy Court to hold the three former directors in contempt and impose sanctions for violating a court order by filing the lawsuit against him in Virginia.

The Complaint further alleges that the failures of the directors were avoidable, and directly resulted in the decline of the Company’s value and inability to obtain the best price available for its assets, which the directors could have achieved by either selling the Company as a whole for a price in the approximate range of $1 billion to $1.4 billion or by selling the Company’s businesses for an aggregate price of $1.56 to $2.3 billion. The hearing before the United States Bankruptcy Court for the Southern District of New York on the Motion for an Order (A) Enforcing Confirmation Order, (B) Holding F. On February 7, 2013, the Court entered an Order finding that: 1. The Court further ordered that: A) The Former Directors are enjoined from prosecuting or continuing the claims brought in the New Virginia Lawsuit in any forum other than that of the Honorable Robert E.

||

The Unsecured Creditor Pool now stands at approximately $781 million.

“This distribution caps a three-year effort by our team.

We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.

“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.

.4 billion or by selling the Company’s businesses for an aggregate price of

The Unsecured Creditor Pool now stands at approximately $781 million.“This distribution caps a three-year effort by our team.We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.De Groote has agreed to dismiss his request to the New York Bankruptcy Court to hold the three former directors in contempt and impose sanctions for violating a court order by filing the lawsuit against him in Virginia.The Complaint further alleges that the failures of the directors were avoidable, and directly resulted in the decline of the Company’s value and inability to obtain the best price available for its assets, which the directors could have achieved by either selling the Company as a whole for a price in the approximate range of $1 billion to $1.4 billion or by selling the Company’s businesses for an aggregate price of $1.56 to $2.3 billion. The hearing before the United States Bankruptcy Court for the Southern District of New York on the Motion for an Order (A) Enforcing Confirmation Order, (B) Holding F. On February 7, 2013, the Court entered an Order finding that: 1. The Court further ordered that: A) The Former Directors are enjoined from prosecuting or continuing the claims brought in the New Virginia Lawsuit in any forum other than that of the Honorable Robert E.

||

The Unsecured Creditor Pool now stands at approximately $781 million.

“This distribution caps a three-year effort by our team.

We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.

“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.

De Groote has agreed to dismiss his request to the New York Bankruptcy Court to hold the three former directors in contempt and impose sanctions for violating a court order by filing the lawsuit against him in Virginia.

The Complaint further alleges that the failures of the directors were avoidable, and directly resulted in the decline of the Company’s value and inability to obtain the best price available for its assets, which the directors could have achieved by either selling the Company as a whole for a price in the approximate range of $1 billion to $1.4 billion or by selling the Company’s businesses for an aggregate price of $1.56 to $2.3 billion. The hearing before the United States Bankruptcy Court for the Southern District of New York on the Motion for an Order (A) Enforcing Confirmation Order, (B) Holding F. On February 7, 2013, the Court entered an Order finding that: 1. The Court further ordered that: A) The Former Directors are enjoined from prosecuting or continuing the claims brought in the New Virginia Lawsuit in any forum other than that of the Honorable Robert E.

||

The Unsecured Creditor Pool now stands at approximately $781 million.

“This distribution caps a three-year effort by our team.

We’re happy to get this money into the hands of our creditors, where it belongs,” said John De Groote, President of John De Groote Services, LLC.

“If all goes as planned we’ll be in a position to distribute the proceeds from this settlement, net of litigation expenses and other costs, by midsummer.” Three former directors of Bearing Point have agreed to dismiss a lawsuit they recently filed in Virginia against De Groote.

.56 to .3 billion. The hearing before the United States Bankruptcy Court for the Southern District of New York on the Motion for an Order (A) Enforcing Confirmation Order, (B) Holding F. On February 7, 2013, the Court entered an Order finding that: 1. The Court further ordered that: A) The Former Directors are enjoined from prosecuting or continuing the claims brought in the New Virginia Lawsuit in any forum other than that of the Honorable Robert E.

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