[Amanda Royal]
The carcass keeps a-rottin' and the lawyers keep a-feedin'.
While Heller’s former employees still wait to receive one penny of the $6 million they are automatically owed from the bankrupt Heller Ehrman estate, the lawyers on the case get fatter and fatter at the trough.
Judge Dennis Montali has approved another $2.9 million in fees and expenses for work done between August and December, 2009. Lawyers have already been paid $3.55 million, bringing the total cost of the bankruptcy to date to $6.5 million.
The highest earners are Pachulski Stang Ziel & Jones, which represents the estate and took home $800,000 in fees. Next up is Lovitt & Hannan, which is investigating who to sue, and which pocketed $670,000. In third place is Felderstein, Fitzgerald, Willoughby and Pascuzzi, which represents the creditors committee, and which took home $373,955.00
Employees were supposed to get their money by Christmas under an initial settlement. Now, lawyers on all sides are promising them their money by the end of July, 2010.
oh my!!that's a lot of money!!!
Posted by: Nursing tank | May 12, 2010 at 07:59 PM