Archive for September, 2011

Heller Ehrman Distributions Update

[Received today via e-mail from Blum Collins]

We are class counsel for the certified class of former Heller Ehrman employees seeking unpaid wages from the bankruptcy estate. This is an update on the upcoming additional distribution of money to former Heller Ehrman employees.

On September 12, 2011, the Court granted Heller’s motion asking the Court to approve paying out over $20 million to creditors (which includes employees). Heller’s motion included some general information about the claim percentages to be paid (i.e., 24 to 33 percent), but Heller now says the distribution will be 30 percent. Heller has filed the list of employees (and how much money each will get) under seal. This is to protect employee privacy. Heller has sent every employee a letter stating how much money that individual employee can expect to receive.

Heller had previously stated that it hoped to make the payments by September 15, 2011. We are trying to get updated information on the status of the payments.

Sincerely,

Craig M. Collins
Blum Collins LLP


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