Dreier Attorneys Have Bull's-Eyes On Their Backs

Law360, New York (December 11, 2008, 12:00 AM EST) -- As more details surface about the purported financial shenanigans of Marc S. Dreier, the attorneys connected to his namesake firm could be in hot water as clients demand retribution and answers on how their funds could be missing.

Dreier, who has been jailed in the U.S. on federal fraud charges, told a partner last week that he had misappropriated about $38 million from client escrow accounts, U.S. Securities and Exchange Commission lawyer Nancy Brown said in court filings made public Wednesday.

The revelation added a whole...
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