Follow-Up To Heller Landlord Lawsuit

The full article about the lawsuit filed by 333 Bush Associates NF L.P., owner of 333 Bush Street where Heller Ehrman was headquartered in San Francisco can be found here.  The Daily Journal site requires a subscription to access the article.

In CGC-08-482519 333 BUSH ASSOCIATES,NF L.P. A DELAWARE LIMITED VS. HELLER, EHRMAN WHITE & MCAULIFFE LP A CALIFORNIA et al the cause of action is listed as Contract/Warranty and the docket information can be found here.

333 Bush is  seeking damages of at least $85 million and claims $753,614.94 in past due rent plus other fees.



2 Responses to “Follow-Up To Heller Landlord Lawsuit”

  1. 1 News Elf 10 December 2008 at 3:02 am

    the article link in this post is not a valid URL – might want to fix it

  2. 2 Another Former Associate 18 December 2008 at 9:03 pm

    There is now a tentative ruling in favor of the landlord on the attachment, for $48MM. Landlord must post a bond for $10K.

    Curious to see whether the bank takes a hand in this. Maybe not if they have now been fully paid down, but if that hasn’t happened I’d have expected them to do something about this.

    Let’s suppose the landlord gets an attachment lien. That lien remains reversible by a bankruptcy filing for 89 days after the lien is created. So there still might not be immediate pressure for Heller to pull the bk trigger. If the landlord is effective in restricting use of cash before that, then the pressure to file would be much greater.

    We ought to be able to see more within a very few days.

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