Thelen's New York landlord obtained a key ruling Thursday that could drive the firm's other unsecured creditors to force it into bankruptcy. A Los Angeles judge granted the landlord a writ of attachment reserving $25 million of Thelen's assets. A similar court order in December quickly threw Heller Ehrman into bankruptcy. The writ bumps all unsecured creditors -- including Thelen employees who have filed a class action against the firm -- behind the landlord in line for Thelen's money.
Writ of Attachment May Lead Thelen Into Bankruptcy
June 22, 2009