Altheimer & Gray Expected to Vote Itself Out of Existence

Shields, Yvette
June 2003
Bond Buyer;6/30/2003, Vol. 345 Issue 31667, p4
Trade Publication
Partners at the struggling Chicago-based law firm Altheimer& Gray are poised today to vote to dissolve the nearly 90-year-old firm, following a failed attempt to merge with Philadelphia-based Duane Morris, the firm announced on June 27, 2003. The firm, whose politically-connected chairman Gery Chico is running for the U.S. Senate, confirmed speculations. Several Chicago-based investment bankers working with the firm on pending deals said they were uncertain as to the impact the firm's possible liquidation would have on their deals and on the status of pending opinions. The firm was close to an agreement with Duane Morris, but the two sides could not reach an accord in part because Duane, like other firms Altheimer talked to, was interested only in parts of Altheimer's business.


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