Heller Ehrman Disclosure Statement 'Inadequate': BofA

Law360, New York (April 30, 2010, 1:58 PM EDT) -- Bank of America NA is challenging a proposed reorganization plan put forth by Heller Ehrman LLP's committee of unsecured creditors, saying it contains numerous errors and ambiguities and doesn't address at least $3 million in fees the bank claims it is owed.

In a filing Wednesday in the U.S. Bankruptcy Court for the Northern District of California, the bank — a secured creditor of Heller Ehrman — alleged a number of “significant problems” with the plan and disclosure statement, which the unsecured creditors and the debtor...
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