Ciber, Med Dev Bankruptcies Leave Trail of Big Law Creditors
The bankruptcy filings this week of global IT consultancy Ciber Inc. and a pair of medical device makers have left several big firms holding the bag. Ciber owes thousands in unpaid legal fees to Polinselli, while Duane Morris, Simpson Thacher & Bartlett and two California firms are listed as unsecured creditors another Chapter 11 case.
April 15, 2017 at 12:11 AM
5 minute read
The bankruptcies this week of a global information technology consultancy and a pair of medical device makers are the latest round of Chapter 11 filings to reveal the unpaid legal bills of several large firms.
Ciber Inc., a suburban Denver-based IT company that has fallen on hard times in recent years, filed for bankruptcy in Delaware on April 9. Ciber, which has secured a $45 million debtor-in-possession loan from Wells Fargo & Co. and a $50 million offer from France's Cap Gemini for its North American and Indian assets, also owes $830,000 in attorney fees.
According to a list of Ciber's 20 largest unsecured creditors, the company owes $599,375 to British firm Bird & Bird and $229,864 to Polsinelli. Federal court records show that Polsinelli has represented Ciber in litigation with ACE American Insurance Co., while Bird & Bird has handed technology-related matters for Ciber in Europe.
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