Dreier Clients Same As Ponzi Investors, 2nd Circ. Told

Law360, New York (August 22, 2011, 5:34 PM EDT) -- Two former Dreier LLP clients can't receive more money from the bankrupt law firm's estate than investors in the Ponzi scheme run by imprisoned attorney Marc Dreier, the Dreier trustee told the Second Circuit on Monday.

Dreier client Paul Gardi and his company Alex Interactive Media LLC, who want the Dreier estate to pay them $6.3 million that Dreier allegedly stole after orchestrating a bogus settlement between them and investment firm JANA Partners LLC, are in the same boat as all other creditors, Dreier trustee Sheila...
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