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Bankruptcy

Dec. 12, 2009

Heller Creditors Settle With Shareholders

Heller Ehrman's creditors and 65 former shareholders reached a tentative settlement during confidential mediation discussions.

See Correction Below.

By Jill Redhage

Daily Journal Staff Writer

SAN FRANCISCO - Heller Ehrman's creditors and 65 former shareholders reached a tentative settlement during confidential mediation discussions, according to court documents filed in U.S. Bankruptcy Court late Wednesday.

Some 56 junior shareholders, who took in less than $450,000 in annual compensation each, agreed to pay back the bankrupt estate a to...

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