Former Heller Ehrman chairman Matthew Larrabee has denied allegations that management at the now-defunct firm inflated profits in 2007 by overpaying partners up to $9m (£5.4m), reports The Recorder. The creditors committee in Heller's bankruptcy case made the allegations as part of its larger effort to prove the firm was insolvent in 2007 and increase the amount of money they can claw back from former Heller shareholders.
August 13, 2009 at 07:43 AM
1 minute read
The original version of this story was published on Legalweek
Former Heller Ehrman chairman Matthew Larrabee has denied allegations that management at the now-defunct firm inflated profits in 2007 by overpaying partners up to $9m (£5.4m), reports The Recorder.
The creditors committee in Heller’s bankruptcy case made the allegations as part of its larger effort to prove the firm was insolvent in 2007 and increase the amount of money they can claw back from former Heller shareholders.
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