A "clerical error" could cost Bank of America and Citibank $51 million if Heller Ehrman has its way in bankruptcy court. If the court rejects a correction, the banks would have to return money received from Heller within the 90 days preceding the firm's bankruptcy. Heller filed for Chapter 11 bankruptcy protection on Dec. 28, nine days after its San Francisco landlord had been granted a writ of attachment against the firm.
Banks May Lose $51 Million in Heller Dispute
January 6, 2009