Some pretty shady stuff was going on at Heller last year, if a new report in the bankruptcy court is to be believed. In early 2008, someone at Heller Ehrman instructed its accounting department to distribute $9 million in profits it did not have, and then cover it up, an interim status report alleges. The information is the result of investigations by a creditors committee. The report indicates it believes Heller's management was making these "very troubling business decisions" to boost its 2007 numbers.
August 11, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Some pretty shady stuff was going on at Heller last year, if a new report in the bankruptcy court is to be believed.
In early 2008, someone at Heller Ehrman instructed its accounting department to distribute $9 million in profits it did not have, and then cover it up, an interim status report alleges.
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