Dreier Trustee Settles With Owner Of Founder's Apartment

Law360, New York (December 7, 2012, 9:30 PM EST) -- The trustee overseeing the Chapter 11 case of Dreier LLP reached a settlement Friday with the apartment building the law firm's founder called home, resolving an adversary suit that alleged the lease payments were made with funds he was charged with stealing.

Under the proposed settlement, East 57th Street LLC, owner of the Manhattan apartment building where Marc S. Drier lived from 2006 to 2007, will pay a total of $300,000 to the trustee, including an immediate payment of $100,000 to be followed by eight monthly...
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