Update on Plan of Liquidation and Settlement

I know many ex-Heller Ehrman employees are waiting for more information on the Plan of Liquidation and Settlement.

First, Judge Montali issued a 7-page letter concerning the plan (see below).  It appears that there are still some minor issues to be tweaked.

Second, Blum Collins is working on two vital pieces of information to be post:

– Process and Timeline which will map out how the process will work and important dates and deadlines

– FAQ which will take many of the questions from the comments and others that I’ve received via email and answer them as best as possible.

Third, the Name Plaintiffs in the Class Action will be posting a statement concerning settlement shortly

Finally, thanks for your patience.  There are no immediate deadlines to be met – we’ve been pretty good in the past about giving everyone a heads up as to dates and deadlines.

Judges Letter Tentative re Plan

© 2009, copyright Thomas MacEntee


2 Responses to “Update on Plan of Liquidation and Settlement”

  1. 1 Observer 23 October 2009 at 6:28 pm

    There are two immediate deadlines of concern:

    — If you want to object to the preliminary approval of the class action settlement, you would have to appear at the hearing on Oct. 28, 9:30 a.m., before Judge Montali. A written objection is not required on that particular occasion, because of short notice.

    — Any objection to the adequacy of the Disclosure Statement must be in writing, and must be filed and served no later than Nov. 2.

  2. 2 Observer 24 October 2009 at 4:56 pm

    CORRECTED DATE for preliminary hearing on the class action settlement:

    It is on Oct. 29 at 1:30 p.m. (The debtor’s papers for that hearing all have Oct. 28 on the title page, but the judge’s order setting the hearing and the court’s online calendar show that the correct date and time is Oct. 29.) It is correct that you can appear and object orally, without having filed a written objection, for that hearing only.

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