The Monadnock Research Member Network is a community of professionals at the world's largest organizations that are responsible for engaging management and IT consultants and advisory services firms. Community members include consulting procurement category managers, CPO's, internal consultants, project leaders, firm executive contacts, and engagement decision makers. Our mission is to ensure that our members are well informed about consulting industry trends and developments, and that they have the information and resources necessary to maximize value from engagements and strategic firm relationships. Clients responsible for over 40 percent of global management consulting. IT consulting, and advisory services spending read our Consulting Industry NewsWatch weekly!
Home | About Us | Contact | News | Research Notes | Tell a Colleague | Search | Member Area
Capgemini Holds FairPoint Hostage for $30 Million Preference in Bankruptcy

MR - FairPoint Communications, who filed a U.S. bankruptcy petition in late October, has agreed to settle its fee dispute with Capgemini for $30 million in cash. Half that amount has been paid and the other half is due and payable by 31 December. An additional $20 million will be treated as unsecured debt. Unsecured creditors, bondholders, shareholders, and union members are starting to question FairPoint's decision to compensate consultants, attorneys, executives, and secured lenders with cash, leaving little for them. The fact that Capgemini was able to threaten to cancel its 2009 IT services agreement and get such a large percentage of what it was owed as an unsecured creditor in cash has rankled some stakeholders. Research Note includes details on negotiated settlement and full text of contracts and related documents. . . . (to read the remainder of this article, please log in below.)
The content you have requested is available only to current MonadnockResearch.net members.

If you are a current member, log in to your account below. Members and non-members are required to adhere to the current Monadnock Research Terms of Use and Service. If you are not yet a member, we encourage you to view the subscriber benefits at Membership Benefits.

Login

 Username:

  
 Password:
Remember my ID on this computer
Forgotten Password?
If you are a current member and have forgotten your account name or password, enter your email address below, and your login detail will be emailed to you.
Send Password
Your email address:

If your membership has expired and you wish to renew, visit the Membership Benefits Page.

Membership Has Its Advantages
Membership has its advantages

Subscribe now for instant access to the Monadnock Research Member Network, which includes full access to:

  • The full text of consulting industry news items, published daily

  • Monadnock Research Notes, covering substantive industry events, current research, and survey results

  • Content archives, including individual access to the news and Research Notes archives published since May 2008

  • Document repository, containing legal filings, studies, sample contracts, proposals, rate cards, RFP templates, master agreements, statements of work, final reports, and other high-value documents

  • Monadnock Research NewsWatch, our weekly consulting industry email update, with access to the full-text of its content briefs

  • Consulting firm thought leadership content full text archives

  • Consulting client discussion forums (consulting clients only)

  • Summaries of Monadnock Research reports and white papers

  • Listings of leading firms by industry and practice area

  • Member discounts on personal licenses to Monadnock Research products

  • and much more!

Subscribe today! Just $1,495 for a 12-month membership.

Become a member today using the secure on-line order form.
Home | Search | About Us | Contact | News | Research Notes | Firm Research | Firm Press Releases | Tell a Colleague | Firm KnowledgeBase

©2008-2010 Monadnock Research LLC. All rights reserved. Posting, reproduction, or distribution of any portion of this publication without prior written permission is forbidden. Monadnock Research (MR) forecasts, conclusions, projections, and recommendations represent our opinion at the time of publication. Our positions are subject to refinements or significant changes as MR staff gathers and analyzes additional information. We disclaim all warranties as to the accuracy, completeness, or adequacy of such information. Although our research may discuss accounting or legal topics related to the consulting profession, MR does not provide accounting or legal advice or services and our research should not be construed or used for such purposes. MR assumes no liability for errors, omissions, or inadequacies of the information contained herein, or for interpretations thereof. The opinions expressed are subject to change without notice.