Legal News

Lawyer Appointed to Probe $38.5M Dreier Debt
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Steven J. ReismanSteven J. Reisman, a partner in New York’s Curtis, Mallet-Prevost, Colt & Mosle, has been appointed to investigate allegations that Seattle’s 360networks and its creditors are owed up to $38.5 million in funds from the defunct Dreier LLP.

Reisman was appointed by Judge Allan L. Gropper of the US Bankruptcy Court for the Southern District of New York. He will be assisted by other Curtis lawyers, including Lynn P. Harrison III, T. Barry Kingham and Jerrold Bregman.

The funds in question should have been in a Drier client escrow account.  Dreier had accumulated the roughly $38.5 million in cash from prosecuting actions that it brought as counsel to the committee appointed under 360networks’ Chapter 11 plan. The funds were to be shared among the reorganized telecommunications company and its creditors pursuant to the plan.

  
What
Where


Dreier LLP collapsed after Marc Dreier, the firm’s founder and managing partner, was arrested in Toronto in December for allegedly impersonating another lawyer. He was arrested again in New York upon his return on securities and wire fraud charges that prosecutors say may have cost investors $380 million.

Via The NLJ.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Associate Attorney

USA-CA-Fresno

Coleman & Horowitt, LLP seeks lawyers with 3+ years for business and commercial litigation, includin...

Apply now

Business Law Paralegal

USA-CA-Murrieta

We are looking for an organized, professional, experienced Business Law Paralegal to join our team a...

Apply now

Office Services Clerk

USA-CA-Murrieta

We are currently seeking an experienced, competent Office Services Clerk for our Murrieta, CA office...

Apply now

Associate Attorney

USA-CA-Orinda

Finance and Corporate Attorney Needed Bay Area Law firm looking for Associate Attorney with prosp...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Housing Finance Associate Attorney

USA-MN-Minneapolis

Minneapolis office of a BCG Attorney Search Top Ranked Law Firm seeks a housing finance associate at...

Apply Now

Senior Intellectual Property Litigation Associate Attorney

USA-PA-Philadelphia

Philadelphia office of a BCG Attorney Search Top Ranked Law Firm seeks a senior intellectual propert...

Apply Now

Senior Intellectual Property Litigation Associate Attorney

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks a senior intellectual property lit...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top