After 38 years, Brown and Heller closes

, Daily Business Review

   | 7 Comments

After Brown and Heller lost it biggest client, Citco Group Ltd., which administered a primary Bernard Madoff feeder fund, the firm informed its attorneys and staffers that it would be closing and employees will receive three weeks of severance pay.

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What's being said

  • L

    No Fatberg.

  • D Fatberg

    Hey L, looking for gainful employment. Does Cheryl need any help running the antique car business?

  • WhatCanBrownDoForYou

    The "primary if not sole shareholder" justified the sudden closure by telling his employees that the client's budget "was not enough to keep the lights on at One Biscayne" but clearly left plenty of $$$$ for an outrageous all expenses paid, Paris trip for his partners, secretary, closest friends, and half of Slovakia just a few days earlier!!!

  • The Fantastic Four!

    It's always "business as usual" with a multiplier of six.

  • Little Miss

    Paris is ALWAYS a good idea!

  • Julie Kay

    We have made the story free so everyone can see it. Feel free to share.

    Julie Kay

  • Been there

    Sadly, since former BH employees no longer have access to the DBR, they will not be able to comment or read this article. With no insurance and no prospects for employment, I am sure that they are afraid and feel abandoned.
    Its a terrible thing to lose your livelihood without warning and contrary to repeated reassurances by management that all was "business as usual."
    Its especially difficult to stomach after the obscenely lavish celebration in Paris, which occurred just days before they were told to "hit the road" and probably would have funded much needed severance and insurance.

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