Like a pack of hounds, the Heller Ehrman estate and its creditors teamed up Friday to go for the jugular of the banks blamed for the firm's bankruptcy. The creditors, with the estate's support, are asking for standing to sue Bank of America and Citibank to get back $50 million Heller paid them in the months leading up to its bankruptcy. And while lawyers for both sides begged, cajoled and argued for more than an hour, the bankruptcy judge in the case said he was still "on the fence" and didn't rule on the motion Friday.
Heller Estate, Creditors Pursue Banks Blamed for Firm's Bankruptcy
March 30, 2009