Large Firms
Jun. 19, 2009
Not So Secure: Heller's Banks May Lose Priority
One of the biggest ticket items pending in the bankruptcy of San Francisco law firm Heller Ehrman has yet to be resolved: whether the firm's bank lenders had the right to be paid back more than $55 million before all of the firm's other creditors get their money. Legal experts this week said that - unless new facts come to light - the banks probably don't.
By Jill Redhage
Daily Journal Staff Writer SAN FRANCISCO - One of the biggest-ticket items pending in the bankruptcy of San Francisco law firm Heller Ehrman has yet to be resolved: Whether the firm's bank lenders have the right to be paid back more than $55 million before all of the firm's other creditors get their money. Legal experts this week said that - unless new facts come to light - the banks probably don't. U.S. Bankruptcy Judge Dennis Mon...
Daily Journal Staff Writer SAN FRANCISCO - One of the biggest-ticket items pending in the bankruptcy of San Francisco law firm Heller Ehrman has yet to be resolved: Whether the firm's bank lenders have the right to be paid back more than $55 million before all of the firm's other creditors get their money. Legal experts this week said that - unless new facts come to light - the banks probably don't. U.S. Bankruptcy Judge Dennis Mon...
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