Posts Tagged 'proof of claim'

Updated and Corrected Claims Register

All 371 pages of the latest Claims Register have been posted to the Bankruptcy section:

Claims Register (as of 6/2/2009):
2009-06-03 Claims Register

There are a few claims of note – if anyone can provide information please do so in the comments:

Claim #1019
Paravue Corporation
Amount claimed: $20,000,000

A $50 Million Shake-down?

Update –  It appears that The Recorder has picked up this story:
Former IP Client Goes After Heller for $50 Million

If you’ve checked out the Claims Register over in the Bankruptcy section lately, you’ll see a claim for $50 million filed by Ronald A. Katz Technology Licensing, L.P.

What’s this all about? And why does one claim seem to represent almost 50% of the current claims? Well it appears that Mr. Katz was a client of Heller Ehrman and has been termed a “patent troll” for his litigious nature when it comes to his patent portfolio.  You can read more about RAKTL here.

And if you read Memorandum of Points and Authorities in of in Support of Motion for Order Authorizing the Filing Under Seal of Documents filed recently in bankruptcy court on behalf of RAKTL, you realize that Mr. Katz is claiming breach of a legal services agreement with Heller Ehrman which is the basis for his $50 million claim.

It appears that Mr. Katz tried to shop his legal needs to the shareholders who went to Covington & Burling but was conflicted out on many of the matters.  And while RAKTL has found a new legal home, isn’t it a bit galling that he not only wants to do the “shake-down” on the Heller estate in the same manner in which has has dealt with much of the Fortune 500 – but he wants all the legal work Heller has done (on contingency) to go to a new firm without paying his current outstanding bills?

Claims Register Updated

Knowing that today is the deadline for filing a Proof of Claim, I’ve updated the Claims Register over in the Bankruptcy section.

Proof of Claim Deadline: Monday 27 April 2009

Reminder: You must file your Proof of Claim by end of business Monday, April 27, 2009!

See Proof of Claim Filing Instructions for more information on how to prepare your proof of claim.

Large Claims on Claims Register – Got Info?

This post isn’t to be construed as “questioning the validity” of specific proofs of claim – this is an area that the US Trustee and the bankruptcy court will deal with eventually.

But I’ve notice some large claims recently in the claims register – wondering if any of our ex-Hellerites might have some background info on them:

Smith & Williamson
25 Moorgate
London EC2R 6AY – United Kingdom
Amount: $11,767,289.00

Pension Benefit Guaranty Corporation
Attn: Marc S. Pfeuffer, Attorney
Office of the General Counsel
1200 K Street, N.W. Suite 340
Washington, DC  2005-4026
Amount: $971,250.00 and $802,500.00

Grew, Christopher A.
27 Duncan Terrace
London N1 8HQ
Amount: $2,113,508.00

City of New York
Department of Finance
Martha E. Stark, Commissioner
345 Adams Street
Brooklyn, NY  11201
Amount: $4,909,865.00

Robert Badal
350 S. Grand Ave. #2100
Los Angeles, CA  90071
Amount:  $2,275,000.00

Updated Claims Register

I’ve posted an updated Claims Register – a list reflecting who has filed a Proof of Claim so far – and will attempt to do so every day this week as we get closer to the deadline of April 27, 2009.

Check out the Bankruptcy section for the updated file along with many other recent updates to the bankruptcy court docket.

Claim Deadline Approaching!

Don’t forget that the last day to file a Proof of Claim with the bankruptcy court for money owed to you by Heller Ehrman is Monday, April 27, 2009.

And as mentioned previously, you can have Blum Collins calculate your proof of claim and file for you if you complete their online form and sign a retainer agreement.

Click here to complete the online form:

Update: the deadline to file with Blum Collins has passed – you will need to go to Proof of Claim Filing Instructions and file your claim yourself.

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Remember the words of Rev. Frank Scott (Gene Hackman in The Poseidon Adventure):

". . . sitting on our butts is not going to help us either. Maybe by climbing out of here, we can save ourselves. If you've got any sense, you'll come along with us."

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