Updated Bankruptcy Court Docket

Just a heads up that I will be working on updating the Bankruptcy page over the next hour – there are close to 25 new documents, some of them with very revealing information, to be posted.  Thanks for your patience!


5 Responses to “Updated Bankruptcy Court Docket”

  1. 1 Former SF Assoc 25 February 2009 at 6:09 pm

    Am I the only one who finds it strange that Bill Neumann is going to be making some money off of this by representing Heller in its real estate matters? Isn’t there a HUGE conflict of interest here?

  2. 2 former junior shareholder 25 February 2009 at 10:30 pm

    There’s no conflict. It’s in the interest of all of us to work out deals with the landlords and save $ that could be going back to you and all the other creditors. Same with Hayden collecting large receivables from clients. Those are things that need to be done.

  3. 3 Former SF Assoc 26 February 2009 at 3:57 am

    Whatever. If Neumann and the rest of the former HEWM shareholders — who are now making even more money billing for work on this bankruptcy –were moral human beings, they’d do the work pro bono, or on a deferred basis and let the unemployed staff and associates get paid out past-due wages and vacation before collecting their fees. These guys are just being typical lawyers and trying to make a buck while protecting their a**es. They couldn’t care less about you or me. Business is slow for everyone, and I guarantee you Neumann wouldn’t be doing this work if he could find clients to pay full-freight. Let’s be honest, real-estate transactions work is not exactly hot right now.

    Let me be perfectly clear– these former shareholders (not the junior ones but people like Neumann, Hayden, Sugarman) are NOT hurting financially. There are plenty of good businesspeople who would forgo their own short-term monetary gain to put those less fortunate ahead of them in the bread line. That’s what this fight is about. All of the big creditors, former shareholders, etc. are doing all they can to shove us lowly staff and associates to the back of the line. And they suck for doing it.

  4. 4 Former Associate 26 February 2009 at 10:25 am

    This is a tough one. I agree that there is probably not a conflict, because as a former SH, he is potentially on the hook for liability to the estate; therefore, his interest is to ensure that the estate is as large as it can be to protect against getting himself sued. But, on the other hand, there is something offensive about SHs running the firm into the ground, quickly finding comparable jobs and leaving staff and associates behind, AND earning money off the debacle by billing the estate for post-petition legal expenses. On balance, it strikes me as legally o.k., but morally not.

    (Disclaimer: I don’t know Neumann or any of the other SHs who are on the DissComm, so this is not intended to be a personal attack. I just calls ’em like I sees ’em.)

  5. 5 FedUp 26 February 2009 at 10:38 am

    Any word on if and when we should be filing our Bankruptcy claims for the vacation time owed?

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