End of the Day: 10/8/2008

This is one of the days that mama said there’d be, right?  But I’m still here, readers are still here, people are stopping by but we seem no closer to the shore today.  Notice how I don’t care for the term “rescue” which, given recent talk of “bail out,” has a sullied connotation.  

We don’t need to be rescued – we just need to be given the proper tools to get to shore on our own.  And those tools are that to which we are entitled and should expect to receive from the management of a once world-class law firm.  

Recap:

Tonight’s entertainment comes to us from Germany (back when there was a West and an East Germany for you younguns) in the form of Cindy and Bert singing what has been called Der Hund Von Baskerville which we know to be a version of Black Sabbath’s Paranoid.  See, your Cruise Director knows his way around the German tongue and thinks that this clip, even without a rudimentary understanding of German, is just bizarre.  Confidential to Bert: nice scarf, pretty boy.
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6 Responses to “End of the Day: 10/8/2008”


  1. 1 Old School 8 October 2008 at 4:33 pm

    Since the musical references have been on the edge of things at time (The Cramps), I’m gonna throw an old punk tune out there.

    http://www.lyricsfreak.com/c/crass/do+they+owe+us+a+living_20192686.html

  2. 2 HellerEscapee 8 October 2008 at 6:58 pm

    Cindy und Bert rule! Now is the time on Heller Highwater when we dance!

  3. 3 SoCalGirl 8 October 2008 at 7:39 pm

    Heller Drone, you rock! I love Cindy and Bert!!!

  4. 4 Anonymous 8 October 2008 at 10:21 pm

    Keep doing what you’re doing…hopefully the good folks out number the “rats!”

  5. 5 HELLdog 9 October 2008 at 7:21 am

    October 08, 2008
    Heller: 401(k)s Frozen, Yes, But Safe

    As you might have heard, at least some 401(k) accounts for Heller Ehrman staff have been frozen as of Monday, and an internal email on the subject surfaced today at Heller Highwater.
    Hellerlogo_2

    Yesterday, we asked Peter Benvenutti, the head of the firm’s dissolution committee, what was up.

    “They have been frozen because they are being frozen pursuant to being terminated,” he said.

    Because of the complexities involved, he said, the accounts have to be frozen prior to termination. Once terminated, the assets will be available to employees to do with as they please — including rolling them over to new plans.

    “In order to do it in an orderly fashion, it takes some time and a modest amount of information,” he said. The assets are safe, Benvenutti added, and will be distributed in due course.

    We asked whether the plans could be touched in the event a bankruptcy were to occur, and Benvenutti said no.

    “They’re not part of Heller’s assets,” he added.

    Everyone continues to hope for the “orderly process” the firm has been pursuing, but our story today about the biggest bidders for pieces of Heller backing away (free reg. req’d) definitely threatens to complicate the process. We don’t know what the tax implications are, but hopefully this will allay at least some of the concerns over the 401(k)s (which are managed by Vanguard).

    If we hear more, we’ll keep you posted. Feel free to do the same …

    — Niraj Chokshi

  6. 6 Jayne Loughry 9 October 2008 at 8:04 am

    The post above illustrates what’s wrong with legal press reporting on law firms, especially big law firms. Unfortunately, most reporter’s accept whatever management or senior partners tell them without challenge or further investigation.

    Can’t help wondering how Niraj Choksi would feel if his bank told him he couldn’t withdraw any of his money for some indeterminate period, but not to worry, “it’s safe.” I’d imagine he’d want a better explanation than what he accepted from Mr. Benvenutti.


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Last Modified: September 14, 2008

- Don't be a dill weed.

- Treat other people the way you want to be treated.

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Note: in no way, shape or form is Heller Highwater sanctioned, supported or even recognized, (but it is very likely monitored) by the management of Heller Erhman, LLP. The opinions represented here and on each and every page of Heller Highwater do not constitute the opinions of Heller Ehrman, LLP or its shareholders or its management. In addition, the comments left by visitors do not reflect the opinions of Heller Highwater.

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