Retired Shareholders – Do Not Use On Wage Claims

A reader pointed out in a comment recently that the list of shareholders posted at Update: Wage Claim Info contained the names of several shareholders who are retired.  As the reader stated:

“Please note that some of these shareholders are retired which means they have resigned their shareholder status and are only receiving retirement benefits – although the Dissolution Committee has cut them off too. It would be a travesty to include these people in any claim because they are in the same boat we are – broke and pissed off. The ones I know have retirement status are the following:

Robert Borton
Curt Caton
Charles Clifford
John Cutler
Robert Epsen
Robert Harris (he’s in his 90s)
Victor Hebert
Weyman Lundquist
William Mackey
Larry Popofsky
Jerry Robinson

These people are on our side, folks. I think they are just as disgusted as we are.”

I couldn’t agree more.  I have updated the original post to remove the names and placed this same comment at the top in blue so readers can avoid using their names when filing wage claims.

And from another reader:

“Alexander Brainerd as well. He was pushed out of equity at age 67 per the firm’s ageist partnership rule. He’s also just a really great person.

Additionally, a large number of the shareholders you had listed in your prior post (namely over half of the IP Lit shareholders) had already resigned from the firm and did not take part in the dissolution vote.

But the real point is that it’s ridiculous to blame random shareholders (many of them quite junior) for the problems caused by Matt Larrabee and his cadre (Barry Levin, Marie Fiala, etc.)”

Ultimately folks, at a minimum you should have the Dissolution Committee members (Benvenutti, Sugarman, Hayden and Loacker) listed.  Who you choose to add to your wage claim is your decision.

Over and out.

Heller Drone
Cruise Director

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10 Responses to “Retired Shareholders – Do Not Use On Wage Claims”


  1. 1 Former associate 12 October 2008 at 2:54 am

    Alexander Brainerd as well. He was pushed out of equity at age 67 per the firm’s ageist partnership rule. He’s also just a really great person.

    Additionally, a large number of the shareholders you had listed in your prior post (namely over half of the IP Lit shareholders) had already resigned from the firm and did not take part in the dissolution vote.

    But the real point is that it’s ridiculous to blame random shareholders (many of them quite junior) for the problems caused by Matt Larrabee and his cadre (Barry Levin, Marie Fiala, etc.).

  2. 2 Pumasdad 12 October 2008 at 12:57 pm

    Please also add Wondie Russell I spoke to her Friday and she is in the same boat we all are in, also I had an interesting discussion with an HR person friday whom actually told me to file a suit re our vacation Pay since the Shareholders have told her they do not have any money for Vacation Pay payouts,

    Good luck to us all,

    There is Life After Heller

  3. 3 Ex-Hellerite 12 October 2008 at 1:32 pm

    Just to be clear. If we receive a final pay check through the mail and it does not contain accrued vacation wages, should we file a wage claim or wait until there is legal representation (class action law suit)on behalf of all current/former Heller Ehrman employees placed in this “squeeze” situation by the Dissolution Committee?

  4. 4 hellerdrone 12 October 2008 at 2:04 pm

    I think that Wondie Russell is listed as Special Counsel and not on the Shareholders List.

  5. 5 hellerdrone 12 October 2008 at 2:05 pm

    Clarification on wage claim:

    The waiting period is different for different states. That being said there is no class action on the wage claim, accrued vacation, WARN Act yet. We were not only waiting for the mass layoffs on Friday, but also to see if Heller files for bankruptcy. If it does, then we’d have to file in BK court. I hope to have more info for posting on various topics Monday morning. I appreciate your patience.

    Heller Drone
    Cruise Director

  6. 6 Observer 12 October 2008 at 3:08 pm

    Just FYI, Vic Hebert and Larry Popofsky are not actually retired.
    Hebert is going in-house as legal counsel at an investment bank. And Popofsky is one of those going to Orrick as of next week.

  7. 7 Noway 12 October 2008 at 11:30 pm

    Most of the shareholders really are as disgusted, saddened, surprised and ripped off as any of us. The shareholders were not equal partners in any sense of the word — the top folks got paid multiples of the lowest people, and were not “in the know,” as the company veered toward insolvency. In fact, they were in the dark. That includes Hebert and Popofsky, who are decent people and who have not managed the firm for years. If they were still in charge, we wouldn’t be here now.

  8. 8 Anon 13 October 2008 at 1:22 am

    Yes, the majority of shareholders did not share in the “vision” of the few that got us where we are now. And now, the ones that were in charge (i.e, Matt Larrabee, Barry Levin, Marie Fiala), have all landed on their feet elsewhere – well, don’t know about Matt – he’s got to straddle two coasts at the moment. It’s just a shame that the thickheadedness of a few led to the destruction of many. One can only hope that one reaps what one sows – maybe not now, but at some point in the future.

  9. 9 clare 13 October 2008 at 10:08 am

    I agree Anon, esp. the retired shareholders or the shareholders that just got promoted to shareholder in the last year or two–they had nothing to do w/ the downfall of the firm.

  10. 10 Hellboy 13 October 2008 at 5:08 pm

    Former Associate: I’m curious… where does Maria Fiala fit in the “cadre”.


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