Legal News

Heller Ehrman Buried in Lawsuits; May Be Forced Into Bankruptcy
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

333 Bush St., San FranciscoA San Francisco landlord for Heller Ehrman won a court ruling earlier this month, that means bankruptcy is now likely for the defunct law firm.

The San Francisco Superior Court granted the landlord, 333 Bush Associates, a writ of attachment for $48 million. The move makes the landlord a secured creditor, freezes a portion of Heller’s assets for the landlord, and leaves other unsecured creditors at a disadvantage, essentially waiting in line behind the landlord for dibs on leftover assets.

If within 90 days Heller files for bankruptcy, or if three of its creditors force it into bankruptcy, then the writ is automatically stayed. That would make the landlord an unsecured creditor once more, and put all unsecured creditors on an equal footing.

  
What
Where


Peter Benvenutti, a member of Heller’s dissolution committee and now a partner at Jones Day, said negotiations are continuing with the landlord.

Bush Associates sued Heller for $85 million on December 4th. It’s one of several suits filed against the defunct firm.

The firm’s Washington, DC landlord sued for $31 million in late October. Document management service Williams Lea sued last week for $3 million, which includes the cost of severance pay to employees. At least two lawsuits have been filed by former employees seeking lost wages, severance and vacation pay under state and federal WARN Act violations.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Three creditors can force a debtor into bankruptcy if the debtor has at least 12 creditors, and the three are owed more than $13,475. Heller has dozens of such creditors.

Via The Recorder.





 

RELEVANT JOBS

Labor and employment attorney (remote)

USA-VA-Ashburn

Welter Law Firm, P.C. (www.welterlaw.com) is an AV-rated management-side employment law and litigati...

Apply now

Senior Associate Attorney

USA-NY-Buffalo

About the job Mid-sized Buffalo based law firm seeks a senior litigation attorney to join the def...

Apply now

Associate Attorney

USA-CT-Greenwich

Job Summary: Smith Legacy Law seeks an Associate who will work alongside the legal team in advisi...

Apply now

Air Enforcement Coordinator & Adjudication Officer

USA-VA-Richmond

The Department of Environmental Quality, Division of Environmental Enhancement seeks a highly qualif...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Associate Attorney with 3+ years of litigation experience

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks an associate attorney with 3+ year...

Apply Now

Family Law Associate Attorney

USA-TN-Knoxville

Knoxville office of a BCG Attorney Search Top Ranked Law Firm seeks a family law associate attorney ...

Apply Now

Associate Attorney

USA-WI-Wisconsin Rapids

Wisconsin Rapids office of a BCG Attorney Search Top Ranked Law Firm seeks an associate attorney wit...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top