Some very unsettling news breaking late tonite from The Recorder.
It appears that in 2007 almost $9 million in profits it did not have may have been distributed to Heller Ehrman shareholders. And almost $3 million in expense checks were held over to 2008 in order to boost 2007 numbers.
This is the contention in a just released article at The Recorder based on the Official Committee of Unsecured Creditors’ Second Interim Status Report just released.
“Funny” or not, someone needs to get to the bottom of this and fast.