Bankruptcy
Apr. 2, 2011
Heller Bankruptcy Settlement Approved
A federal bankruptcy judge approved a $20 million settlement Thursday between the Heller Ehrman LLP estate and its lenders, Bank of America Corp. and Citibank, resolving one of the key issues outstanding in the bankruptcy.
Daily Journal Staff Writer
SAN FRANCISCO - The biggest financial issue in Heller Ehrman LLP's bankruptcy proceedings resolved Thursday when a bankruptcy judge approved the estate's settlement with its bank lenders.
The settlement calls for the firm's lenders, Bank of America Corp. and Citibank NA, to return to the estate $20 million of the nearly $60 million Heller borrowed and later repaid.
Approximately ...
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