The trustee for bankrupt consulting firm BearingPoint is suing Yale University to recover $6-million the company paid to endow a chair at the college, reports The Wall Street Journal.
The donations for Yale’s School of Management were part of a $30-million, seven-year deal BearingPoint struck with the university before filing for Chapter 11 protection in February 2009. John DeGroote, a former BearingPoint executive and a current trustee, filed the lawsuit March 12 in U.S. Bankruptcy Court in Manhattan.
The suit also seeks the return of $2.1-million the firm paid Yale in late 2008 for BearingPoint staff members to attend classes and programs at the management school.
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0 Responses to Bankruptcy Trustee Sues to Get Back Consulting Firm’s Yale Gift
rhdmarketing - March 17, 2010 at 8:36 am
Why put the article in here at all if we can’t read the whole thing? Thanks a lot …