Large Firms
Apr. 25, 2009
Heller's Unsecured Creditors Sue Its Banks
The unsecured creditors of bankrupt San Francisco firm Heller Ehrman filed a lawsuit challenging the firm's banks' secured interests, seeking $50 million to repay other creditors.
Daily Journal Staff Writer SAN FRANCISCO - The unsecured creditors of San Francisco's firm-in-bankruptcy Heller Ehrman finally made good on their promise to sue the firms' banks Thursday afternoon. They filed a challenge to the banks' secured interests in the U.S. Bankruptcy Court for the Northern District of California, where the Chapter 11 bankruptcy has been playing out since December. If the creditors' committee succeeds, there...
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