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Developers Seek To Lift Stay In Dreier Bankruptcy

Law360 (April 7, 2009, 12:00 AM EDT) -- The president and chief executive officer of Solow Realty & Development Co. have asked a bankruptcy court to lift a stay on prominent attorney Marc Dreier's Dreier LLP, saying a pending circuit court appeal over the amount and validity of an award to a rival developer would not otherwise be fairly decided.

In the motion filed Monday in the U.S. Bankruptcy Court for the Southern District of New York, founder and president Sheldon H. Solow and CEO Steven M. Cherniak argued that relief from the stay,...
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