A San Francisco landlord for defunct Heller Ehrman has won a key court ruling that means bankruptcy is now likely, according to attorneys who have dealt with similar cases. San Francisco Superior Court granted the landlord a writ of attachment for $48 million. The move makes the landlord a secured creditor, freezes a portion of Heller's assets for the landlord, and leaves other unsecured creditors at a disadvantage, essentially waiting in line behind the landlord for dibs on leftover assets.
Landlord's Writ Weighs on Heller Dissolution
December 29, 2008