Trustee of Bankrupt Firm Sues Yale
The trustee for the bankrupt consulting firm BearingPoint is suing Yale University for the $6 million the firm donated to the university in the two years before it sought bankruptcy protection, The Wall Street Journal reported. The money was used to endow a chair in management and for various facilities. Federal law allows for the recovery of some funds paid out by bankrupt firms prior to their bankruptcy. Yale officials declined to comment.