Heller Ehrman’s creditors committee apparently believes the firm was insolvent as early as 2007 and therefore, $24 million contributed to the firm’s pension plan during that year would be subject to fraudulent transfer claims they’ve filed. See Creditors Go After Heller Pension Fund. The implications for ex-HellerVerminites of course is fewer bucks in the pension plan.
This causes us to suspect Heller Ehrman wasn’t consolidating the money laundering group’s activities because if they were, the creditors couldn’t possible make the case Heller was involvent. We of course are relatively certian that group was kept “off balance sheet” since it was acquired in the Fall of 2003 part and parcel with the Venture Law Group. Perhaps David Jargiello would care to comment?
