Bankrupt Firm Wants $471,000 in Settlement from Another Bankrupt Firm
09/07/11
Bankrupt Firm Wants $471,000 in Settlement From Another Bankrupt Firm
The estate of Brobeck, Phleger & Harrison's, a law firm that went bankrupt in 2003, has proposed a settlement for a long running legal battle in which it will receive $470,988. But the losing party who is going to pay - Heller Ehrman, is a law firm that itself went bankrupt in 2008. The case is over who deserves to be paid for the work that six ex-Brobeck partners took with them when they left for Heller after Brobeck was dissolved in 2003.The sum that that has been proposed and now accepted by Heller's estate is actually a fraction of the original claim of $2.7 million. Heller itself has made similar claims against other law firms and this is considered to be one of the main reasons why it agreed to settle the case. One observer has said that if Heller had refused “law firm defendants would have howled.”
Bankrupt Firm Wants $471,000 in Settlement From Another Bankrupt Firm
The estate of Brobeck, Phleger & Harrison's, a law firm that went bankrupt in 2003, has proposed a settlement for a long running legal battle in which it will receive $470,988. But the losing party who is going to pay - Heller Ehrman, is a law firm that itself went bankrupt in 2008. The case is over who deserves to be paid for the work that six ex-Brobeck partners took with them when they left for Heller after Brobeck was dissolved in 2003.The sum that that has been proposed and now accepted by Heller's estate is actually a fraction of the original claim of $2.7 million. Heller itself has made similar claims against other law firms and this is considered to be one of the main reasons why it agreed to settle the case. One observer has said that if Heller had refused “law firm defendants would have howled.”
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