Greenberg Traurig has agreed to pay $4.9 million to settle the Heller estate’s malpractice, conflict of interest and preference payment claims. "If approved, the settlement will resolve entirely a vigorously contested adversary action and result in an infusion of $4.9 million in cash to provide the major funding for an anticipated upcoming distribution to creditors," Christopher Sullivan, special counsel to Heller’s estate, wrote in a Thursday bankruptcy filing.
It would bring to $40 million the amount recovered by the estate, or about 55 percent of what it’s owed, according to Sullivan, of Greenfield Sullivan Draa & Harrington.
