Dreier Trustee Makes $3.5M Deal With Patriot

Law360, New York (March 29, 2013, 10:45 PM EDT) -- 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.

Trustee Sheila Gowan settled the suit citing the expenses of litigation, after filing her adversary suit against Patriot in August 2010 accusing the Darien, Conn.-based asset funding and real estate finance firm of investing with Dreier despite the warning signs, motivated by potential profits.

“Whereas in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Dreier LLP


Case Number

1:08-bk-15051

Court

New York Southern

Nature of Suit

Date Filed

December 16, 2008

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.