The Putative are Pissed

Evil Esquire Bar Asso­ci­a­tion “inves­ti­ga­tors” have come into pos­ses­sion of a leaked let­ter from Blum Collins LLP Esquire Craig M. Collins to Min­nie Loo of the Office of the United States “Trustee” regard­ing “Heller Ehrman LLP, United States Bank­ruptcy Court Case No. 08–32514.

Collins, who rep­re­sents a “puta­tive” class of over 800 for­mer Heller Ehrman employ­ees i.e., just the ones who play golf, who did not receive their wages and ben­e­fits when Heller Ehrman’s share­hold­ers voted to flee in Octo­ber 2008, is upset because, in his opin­ion, the absense of any­one rep­re­sent­ing his clients on the unse­cured cred­i­tors com­mit­tee has had “dele­te­ri­ous con­se­quences.”  He believes Heller Ehrman was “owed over $77 mil­lion” last fall yet they’ve col­lected very lit­tle thereby “prej­u­dic­ing cred­i­tors.” Collins attrib­utes this to the notion that the firm’s

for­mer share­hold­ers have no incen­ti­tive to encour­age their cur­rent clients to pay their old debts to Heller at the same time the share­hold­ers are work­ing to estab­lish new rela­tion­ships between their clients and their new firms.

Well duh!   Devel­op­ing client rela­tion­ships is dif­fi­cult not to men­tion expen­sive.  There’s a lot of com­pe­ti­tion in the legal mar­ket­place these days.  Mis­ter Collins should know that.  The cred­i­tors and for­mer employ­ees who can’t find jobs, are starv­ing and need dough to pay for food, shel­ter and cloth­ing for them­selves, their spouses and chil­dren should quit whin­ing and go to work help­ing the Democ­rats astro­turf town­hall meet­ings.  After all, it was their deci­sion to join the legal indus­try and swim with the sharks.