Dreier To Remain Locked Up For Now

Law360, New York (January 23, 2009, 12:00 AM EST) -- The federal magistrate judge overseeing the case of Marc Dreier has reportedly refused to grant bail, insisting that the disgraced New York attorney post a $20 million bond if he wishes to be set free.

On Thursday, U.S. District Judge Douglas Eaton refused Dreier's request to be released on bail and stood by his requirement that the large bond be signed by financially responsible people, The Wall Street Journal reported.

Dreier’s lawyer, Gerald Shargel, purportedly retorted that his client would likely remain in jail for a...
To view the full article, register now.
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.