Heller Ehrman Settles Retirees' Claims For $4M

Law360, New York (July 19, 2010, 1:47 PM EDT) -- Former shareholders of Heller Ehrman LLP's professional corporations have settled their retirement claims with the bankrupt law firm, agreeing to a general unsecured claim of close to $4 million.

The 17 retirees will receive $200,000 from the law firm's professional corporations, $175,000 from Heller Ehrman and an allowed general unsecured claim of $3.975 million in the firm's bankruptcy case, according to a motion filed Friday in the U.S. Bankruptcy Court for the Northern District of California.

The former shareholders were seeking aggregate retirement claims of $8.94...
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