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Bankruptcy

Jul. 22, 2011

Heller estate settles with Covington & Burling

The Heller Ehrman estate came up short this week in its attempts to blame former shareholders now with Covington & Burling LLP for its downfall, but succeeded in securing settlements of nearly $9 million for distribution to its creditors.


By Jill Redhage


Daily Journal Staff Writer


SAN FRANCISCO - The Heller Ehrman estate came up short this week in its attempts to blame former shareholders now with Covington & Burling LLP for its downfall, but succeeded in securing settlements of nearly $9 million for distribution to its creditors.


The infusion will enable the estate to pay unsecured creditors 24 cents on each dollar they're owed in its first distribution in September, c...

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