Heller Ehrman's creditors have reached a tentative settlement for $1.6 million with 62 former shareholders, most of them junior partners, according to briefs filed in bankruptcy court late Wednesday. Creditors are targeting 180 partners altogether and have carved out policy committee members and senior management for separate negotiations. Court filings indicate more settlement proposals might come this month.
December 11, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Heller Ehrman’s creditors have reached a tentative settlement for $1.6 million with 62 former shareholders, most of them junior partners, according to briefs filed in bankruptcy court late Wednesday.
Creditors are targeting 180 partners altogether and have carved out policy committee members and senior management for separate negotiations.
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