Schedule Update

The following information has been received from Blum Collins:

We have been advised by Heller’s employment counsel, John Fox and Alexa Morgan, that they are awaiting approval of the final settlement agreement from the firm’s Dissolution Committee and the Creditors’ Committee.  The first settlement agreement was revised with regard to procedural aspects of administration when the court put approval of the dissolution plan on hold, pending settlement discussion between the Creditors’ Committee and the Heller partners.  Fox/Morgan told us that they anticipate these approvals by next week.

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10 Responses to “Schedule Update”


  1. 1 derner 2 March 2010 at 7:12 pm

    So…I haven’t filed anything, at any point. Do I need to file something in order to get a sliver of the money that Heller owed me? Or will the sums that the lawyers settled on automatically be sent my way?

    Funny, no matter who is screwing whom, the lawyers make their cut.

  2. 2 Observer 2 March 2010 at 10:41 pm

    Depends how the class proof of claim filed by Blum Collins is treated, in the potential class action settlement terms.

    (Generally, in your situation, if the debtor didn’t list you in its schedules in early 2009 or the amended schedules in Dec. 2009, and you hadn’t filed anything, you would be SOL. Only the class action claim filing may help you here.)

  3. 3 Doug Thorpe 3 March 2010 at 5:40 pm

    Derner: If you will send me you full name, office and employee number, I’ll see what I can find out. That offer applies to anyone else who does not appear on either Schedule E. My email is dthorpe@thorpelink.com.

  4. 4 Eye in LA 5 March 2010 at 7:47 pm

    Doug,
    I have a quick question – I prepared and filed my proof of claim with all the appropriate amounts listed and am also in the class action. I have looked at the latest schedules and see that some of the upper management folks have listed their lost 401k contribution (and other bonus monies) that HE would distribute at year end. Is this something we should amend on our proof of claim? Is it too late to amend and, if we do amend would that kick us out of the class? Thanks for your help, e

  5. 5 LongTimeHellerFirstTimeCaller 6 March 2010 at 2:23 pm

    “Upper management” should please just take comfort in their undoubtedly high-paying current jobs and opt out. Their terrible decision-making did this, and many hard working employees are STILL unemployed. When I think of people who killed a hundred year old firm, having the gall to put in for a larger share than they’ve already received — even after all this time it lights me on fire.

  6. 6 SFLegalSecretary 6 March 2010 at 6:52 pm

    Yes. Amen.

  7. 7 Shattered Youth 10 March 2010 at 12:01 pm

    I have a quick question that I know several of my similarly situated former colleagues share: how do we go about updating the powers that be of new addresses when we move? Given a distinct non-zero probability that a check will be cut in our names, we want to make sure we receive it.

  8. 8 MovingOnSeattle 10 March 2010 at 2:11 pm

    I called the Banckruptcy Court of NDC and they said to just send the clerk in SF a letter informing them of your previous and new address. Don’t forget your case number. USBC NDC, Office of the Clerk, 235 Pine Street, 19th Floor, San Francisco, CA 94104

  9. 9 Randall Reese 10 March 2010 at 7:42 pm

    I just wanted to let your readers know that Heller has filed a monthly operating report for January. Details can be found in our new blog entry:

    http://www.netdocketsblog.com/2010/03/heller-ehrman-january-2010-monthly.html

  10. 10 Former Associate 11 March 2010 at 11:33 pm

    So, I’ve been assuming, but have not actually confirmed, that I don’t need to refile my proof of claim despite the revised exhibit. The exhibit did change with respect to me, but my overall claim remains unchanged. So, does my original proof of claim remain valid?


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