October 15, 2014
Westford Asset Management LLC has agreed to pay $32.2 million toward the Dreier LLP bankruptcy estate to settle claims that it reaped $137 million in tainted investment proceeds from the Ponzi scheme run by the Park Avenue law firm's founder, who will stay in prison instead of testifying.
October 07, 2014
Disgraced former attorney Marc Dreier will have to testify in a lawsuit accusing an asset management firm of profiting $137 million from Dreier's Ponzi scheme, but a New York federal judge ruled Tuesday that having him testify in the bankruptcy court at One Bowling Green would be too perilous.
September 10, 2014
A New York federal judge has ordered that Marc Dreier be brought to New York to testify next month in a $137 million battle for Ponzi scheme losses that led to his eponymous law firm's bankruptcy.
June 23, 2014
A New York bankruptcy judge on Monday approved more than $18.5 million in fees and expenses to the trustee for defunct Park Avenue law firm Dreier LLP, along with her lawyers, financial advisers and consultants for their work recovering $79 million for the firm's estate.
June 05, 2014
The trustee for defunct Park Avenue law firm Dreier LLP, along with her lawyers, financial advisers and consultants, asked a New York bankruptcy judge last week for almost $18 million for their work recovering $79 million for the firm's estate.
April 30, 2014
A New York bankruptcy judge has confirmed Dreier LLP's liquidation plan, allowing the defunct Park Avenue law firm to begin winding down and paying back creditors, according to a court order filed Tuesday.
April 07, 2014
A second former Dreier LLP attorney on Sunday urged a bankruptcy judge to reject the defunct firm's liquidation plan, echoing complaints lodged last week that the plan's definition of the term "partner" is prejudicial to certain attorneys.
April 04, 2014
A former Dreier LLP attorney on Friday challenged the defunct firm's liquidation plan, arguing that it defines the term "partner" so broadly that it hurts his ability to defend himself against potential unfinished business claims.
February 13, 2014
The Chapter 11 liquidation plan for defunct law firm Dreier LLP took another step toward completion Thursday when a New York bankruptcy judge gave his seal of approval to an amended disclosure statement for the plan.
November 22, 2013
The unsecured creditors' committee of defunct law firm Dreier LLP filed six adversary suits in New York bankruptcy court Friday, in an attempt to claim some $426,000 in unpaid bills for legal services performed while the firm was still afloat.