Description | Chronology of Conflicted Representation with hyperlinks into the Revised Complaint.
The conflict of interest summarized in this color coded chart involves Argo Partners, a bankruptcy claims trader which purchased the majority of the claims in amount and number in the bankruptcy of the public company Aureal, Inc. The California law firm Hennigan, Bennett, & Dorman was retained as the official debtor's counsel to the public company Aureal Inc. in federal bankruptcy court as the firm simultaneously represented this same debtor's most significant creditors Argo Partners and the hedge fund Oaktree Capital.
By "coincidence", this conflicted law firm ensured that their conflicting client, the majority stockholder Oaktree et al, received over $20 Million dollars from the bankruptcy case while the minority stockholders did not receive a penny.
This chart is Exhibit J of the Revised Complaint. |