Trustee, Verition Deals Win OK In Dreier Bankruptcy

Law360, New York (July 22, 2010, 2:38 PM EDT) -- A judge has approved two settlements in the bankruptcies of disgraced former attorney Marc S. Dreier and his defunct law firm, giving a Chapter 11 trustee control over most funds at issue in both cases and signing off on a $9 million agreement with Verition Fund Management LLC.

Judge Stuart M. Bernstein said Thursday in the U.S. Bankruptcy Court for the Southern District of New York that the trustees' claims handling agreement was "well within the range of reasonableness," given that there is about a 98...
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