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bearingpoint
BearingPoint Breakup Imminent, Business Parts Sold to Multiple Buyers
BearingPoint is very likely to break apart very soon, and sell all its businesses to either other Big4 firms or to local management teams. According the company’s press release on March 23, 2009, all parts of BearingPoint have been sold / in the process of being sold / likely to be sold in...
BearingPoint Files for Chapter 11 Bankruptcy Today
Today, BearingPoint, Inc. announced “it has achieved a financial restructuring agreement with its senior secured lenders that will significantly reduce its debt and improve its capital structure.”In other words, the firm is bankrupt.And it has file for voluntary petition for relief under Chapter 11...
Who Would've Thought, It Figures
Last month, the New York Stock Exchange suspended trading on BearingPoint because its stock price had fallen too low. Yesterday the price was 3.45 cents a share. Alejandro Lazo writes in today's Washington post: Jamie Friedman, an analyst with Susquehanna Financial who dropped...
BearingPoint Delisted from NYSE, Stock Less Than a Nickel!
Earlier, we had blogged on how BearingPoint’s stock had fallen below 20 cents a share, clearly others were also taking notice. Just days ago on November 13, 2009, BearingPoint, Inc. received notice from NYSE Regulation, Inc. that the NYSE had decided to suspend BE's common stock from trading...
Can I get an "Amen!" -- Using the Pulpit of Public Opinion
The most buzz-y program that I've attended so far was the panel on Crisis Management, featuring Charles Babcock, renowned courtroom lawyer; John DeGroote, a GC at BearingPoint, and Richard Levick, CEO and President, Levick Strategic Communications. It was a very full house of 200 or so...
