Bearingpoint liquidating trust agreement xbox live dating site
The Company said its net loss for the first quarter ended 31 March 2007 narrowed as revenue grew and costs declined.The company recorded a net loss of .7 million, or 29 cents per share for the first quarter, compared with a loss of .7 million, or 34 cents per share, in the same period a year earlier.Under the settlement the Trust will receive million, with no admission of liability and a release of claims by all parties."This settlement will generate a significant additional recovery for Bearing Point's creditors, and it culminates a multi-year effort to bring this litigation to resolution," said John De Groote, President of John De Groote Services, LLC.
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Bearing Point's origins lie in the consulting services operations of KPMG, which were established as a distinct business unit in 1997.
KPMG had been providing consulting services to clients since its first contract with the US Navy prior to World War I.
and is one of the largest management consultancies in Europe.
The firm originated from the consulting services operations of KPMG; they became a distinct business unit in 1997, and demerged entirely in 2000.