March 15, 2012
Wells Fargo Bank NA on Wednesday agreed to whittle $29.8 million in secured claims against Dreier LLP down to $7.2 million, settling claims from the law firm's liquidation trustee that the bank's predecessor had enabled the Ponzi scheme that toppled the firm and put its founder behind bars.
September 26, 2011
A New York bankruptcy judge cleared a $52 million settlement Friday between the trustee overseeing the liquidation of Dreier LLP and a hedge fund that fell victim to a Ponzi scheme perpetrated by the defunct law firm's imprisoned founder.
August 29, 2011
Dreier LLP's trustee on Thursday asked a federal bankruptcy court to back a settlement valued at more than $40 million with telecom company 360 Networks (USA) Inc., which was a victim of convicted ex-attorney Marc Dreier's Ponzi scheme.
August 24, 2011
Dreier LLP's trustee told a New York bankruptcy court on Tuesday she has inked settlements with Concordia Advisors LLC and Meyer Ventures LLC — victims of convicted ex-attorney Marc Dreier's Ponzi scheme — for $16.5 million and $9.8 million, respectively.
June 22, 2011
A New York bankruptcy court approved a $55 million settlement Tuesday between the trustee overseeing the liquidation of Dreier LLP and a hedge fund that allegedly lost $100 million to a loan fraud scheme perpetrated by the firm's imprisoned founder.