Dreier Trustee Nets Clawback Deal Over Penthouse Payments

Law360, New York (January 8, 2013, 2:16 PM EST) -- The trustee for bankrupt law firm Dreier LLP reached a $132,500 settlement Monday with the lien holder, mortgage servicer and contractor on a forfeited luxury apartment owned by convicted ex-lawyer Marc Dreier over claims they accepted $2.3 million in Ponzi scheme funds.

If approved by a New York bankruptcy court, the settlement will end an adversary suit brought by Sheila M. Gowan, the court-appointed trustee in the Chapter 11 bankruptcy of Marc Dreier's once-prominent law firm, alleging HSBC Mortgage Corp., PHH Mortgage Corp. and NY Landmark...
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