Greenberg Traurig is facing a malpractice investigation by the Heller Ehrman estate, according to court filings and an attorney representing Heller's creditors committee. At issue: Greenberg's apparent failure to discover that Heller's biggest creditor, Bank of America, had terminated its security interest in the firm. Lawyers familiar with the matter say Heller would have had better leverage with its creditors if it had known BofA wasn't a secured creditor and may have even been able to avoid bankruptcy.
Greenberg Traurig in Hot Water Over Representation of Heller
June 3, 2009