Heller Slams CB Richard Over $3M Real Estate Claim

Law360, New York (August 2, 2011, 8:13 PM EDT) -- Heller Ehrman LLP said Monday in a California bankruptcy court that commercial real estate company CB Richard Ellis Inc. was wrong to request a $3 million commission for selling the defunct firm's New York office, arguing that the figure was actually $325,000.

Heller Ehrman called CB Richard's figure an "inflated commission" that "defies all logic and is contrary to the facts."

According to bankruptcy filings, the $3 million commission was the standard cut of rent forgiven in a deal that a CB Richard broker negotiated with...
To view the full article, register now.




Case Information

Case Title

Heller Ehrman LLP

Case Number



California Northern

Nature of Suit

Date Filed

December 28, 2008

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.