Dreier Trustee Seeks OK Of $12M Settlement With Fund

Law360, New York (May 17, 2011, 8:37 PM ET) -- The trustee overseeing the liquidation of imprisoned attorney Marc S. Dreier's former firm on Tuesday asked a New York bankruptcy court to approve an $11.5 million deal to end an adversary case against the financial firm Perella Weinberg Partners LP.

Attorneys for trustee Sheila M. Gowan filed a motion asking the judge to sign off on the settlement, which would end the avoidance action against PWP and its Xerion hedge fund for allegedly taking in $24.1 million they allegedly knew were made as part of Dreier's...
To view the full article, register now.