The federal judge overseeing Heller Ehrman’s bankruptcy proceedings has allowed the unsecured creditors’ committee to sue the defunct law firm’s banks and its former partners to collect damages, according to an order filed on Tuesday.

“The complaint will probably be filed in the next couple of days,” said the committee’s lawyer, Thomas Willoughby, a partner at Felderstein Fitzgerald Willoughby & Pascuzzi, a bankruptcy boutique in Sacramento, Calif. The recent order reaffirmed a statement of decision issued earlier this month by U.S. Bankruptcy Judge Dennis Montali of the Northern District of California.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]