Xerox Corp. has won a temporary protective order (.pdf) on about $900,000 the company says defunct Thelen owes it.
The order, granted by San Francisco Superior Court Commissioner Everett Hewlitt on April 17, means Thelen, or its banks, will have to set aside the money until a hearing is held in August.
Xerox asked for a $1.2 million writ of attachment, which would have sent a stronger signal that the money is theirs. The order refers to Thelen as a “limited liability partnership in possession of or under the control of Citibank.”
This is one of several suits Thelen is facing in the wake of its dissolution last fall. The firm has managed to stay out of bankruptcy, but it faces a class action by employees for failure to pay accrued vacation and WARN Act money.
It’s also being sued for a delinquent account by G Street, which appears to be a landlord. It settled with its 101 2nd Street landlord in February.
Thelen has also been using Joel Adler, of the Adler Law Firm, to go after some of its accounts receivables.
— Amanda Royal
Uh oh. This means that Thelen is likely to file Chapter 11 by July 16, to avoid the secured creditor position Xerox gains with its TPO.
Posted by: Observer | April 25, 2009 at 09:07 PM