We received the following update from Blum Collins this evening (see below). Everyone should read this post to make sure the bankruptcy court and all other parties have your current address.
We are class counsel for the certified class of former Heller Ehrman employees seeking unpaid wages from the bankruptcy estate. Here is what we currently know about the status of a possible additional distribution of money to former Heller Ehrman employees.
Late last week, Heller filed a motion asking the Court to give notice by publication of its plans to file a motion to make an interim distribution to unsecured creditors (which includes employees). Heller also filed a motion to seal the list of employees (and how much money each will get). This is to protect employee privacy.
The publication motion has some general information about the claim percentages to be paid (i.e., 24 to 33 percent). As we reported in our previous email, the bankruptcy estate has raised money by settling its cases against Bank of America and also against Covington & Burling. Heller has not yet determined how much the distribution will be, nor what any individual employee’s share will be. Heller will be sending you a letter with this information soon.
Based on these motions, we expect that Heller will make the payment by September 15, 2011.
If you like to read bankruptcy court documents, you can review the publication motion by clicking this link: http://dl.dropbox.com/u/2868013/Motion%20to%20Publish%20Notice%20of%20Dist%20Motion.pdf
You can review the motion to seal by clicking this link: http://dl.dropbox.com/u/2868013/Motion%20to%20seal%20distributions.pdf
Craig M. Collins
Blum Collins LLP