December 16, 2008
News Coverage, Answers, Appeals, Complaints, Motions, Orders, Trial Notes
The unsecured creditors’ committee of defunct law firm Dreier LLP filed six adversary suits in New York bankruptcy court Friday, in an attempt to claim some $426,000 in unpaid bills for legal services performed while the firm was still afloat.
Authorities gave $33 million in artwork, including pieces by Andy Warhol, to one victim of disgraced New York attorney and convicted Ponzi schemer Marc Dreier, a settlement that comes as his bankrupt firm remains embroiled in the fallout of his arrest.
The unsecured creditors committee for bankrupt law firm Dreier LLP asked a New York bankruptcy court on Thursday to disallow a $10 million claim from a former partner of Dreier Stein & Kahan LLP, the California affiliate of Dreier LLP.
Attorneys for two investors being sued for millions by Dreier LLP's Chapter 11 trustee told a New York bankruptcy judge Tuesday that the trustee can't prove that the profits they received from their investments in the defunct firm were part of a Ponzi scheme.
Dreier LLP's Chapter 11 trustee on Friday settled for $3.5 million her suit against The Patriot Group LLC — one of several investors in convicted Ponzi schemer Marc Dreier's defunct law firm — in which she had originally sought $16.7 million.
The liquidating trustee for Dreier LLP on Wednesday hit its former intellectual property head and two other former partners with a suit looking to recover profits earned from legal matters that the trustee says originated with the fallen firm.
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.
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.
Amaranth Partners LLC asked a New York bankruptcy court Tuesday not to let defunct law firm Dreier LLP's trustee hire a consultant who has previously advised Amaranth to consult on an adversary suit over $28 million allegedly transferred to Amaranth as part of Dreier's founder's Ponzi scheme.
A New York bankruptcy judge on Thursday gave personal injury firm The Cochran Firm seven days to comply with a discovery order in the Dreier LLP bankruptcy, and threatened it with a $1,000-a-day fine if it does not.