NJ Objects to Indicted Firm’s Bankruptcy Filing
State prosecutors are objecting to a bankruptcy filing made by a major New Jersey engineering firm just days after it was indicted and state authorities won an order freezing its assets.
In legal papers filed late Sunday in federal court, the Attorney General's Office said the filing by Eatontown-based Birdsall Services Group was a "misguided" attempt to circumvent the prosecution against it and seven current and former executives.
In its filing, Birdsall asked that the frozen funds be released so it can pay its creditors and issue paychecks to its 325 employees.
Birdsall and seven of its top executives were indicted Tuesday for allegedly conspiring to circumvent the state's pay-to-play law while making millions of dollars off government contracts.
Copyright 2013 The Associated Press.