SAN FRANCISCO — Heller Ehrman’s banks tentatively agreed to pay the firm’s estate $20 million and waive claims against the dissolved firm and its shareholders.
Heller’s creditors committee sued Bank of America Corp. in 2009 for the return of $56 million the bank received shortly before and after the firm filed for bankruptcy. Heller argued that the bank lost its claim to the money when it filed documents with the state of California forfeiting its status as a secured lender. The bank blamed a “clerical error.”
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