Cruel Intentions: Recent Developments In Dreier

Law360, New York (September 6, 2011, 1:07 PM EDT) -- On June 16, 2011, the U.S. Bankruptcy Court for the Southern District of New York (Judge Martin Glenn), denied, in part, a trio of motions to dismiss filed by defendants in related adversary proceedings commenced by the Chapter 11 trustee of Dreier LLP seeking to avoid and recover prepetition transfers made by Dreier LLP to the hedge fund defendants pursuant to the actual and constructive fraudulent conveyance provisions of the Bankruptcy Code and the New York Debtor and Creditor Law (NYDCL). See Gowan v. The Patriot...
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