The legal problems for Marc S. Dreier, the embattled founder and former managing partner of law firm Dreier LLP, continue to mount. First, it was criminal charges. Now you can add bankruptcy issues, too.
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Sheila
M. Gowan, the Chapter 11 trustee appointed to Dreier LLP's bankruptcy
case, involuntarily placed Dreier himself into Chapter 7 on Jan. 16,
along with petitioning creditors Wachovia Bank NA and the bankruptcy
estate of 360networks (USA) Inc. The total amount of the petitioning
creditors' claims stands at $88.5 million, according to the petition
filed with the U.S. Bankruptcy Court for the Southern District of New
York in Manhattan.
The involuntary comes after Dreier was arrested on Dec. 7 after
being charged with securities and wire fraud by the U.S. Attorney's
Office in Manhattan. Dreier is accused of selling phony promissory
notes to various hedge funds and reportedly scammed his victims out of
more than $380 million. He is currently being held at the New
York-based Metropolitan Correctional Center without bail.
Gowan, who
was appointed to Dreier LLP's case on Dec. 30, hopes to recoup any
assets Dreier might have in order to satisfy creditors of Dreier LLP,
which has up to $50 million in liabilities. - Carolyn Okomo
Comments
MADOFF + STANFORD = PROSKAUER ROSE
Did I hear Proskauer Rose is involved in Madoff (involved a lot of clients too) and acted as Allen Stanford's attorney. Investors who lost money in these scams should start looking at the law firm Proskauer's assets for recovery. First, Proskauer partner Gregg Mashberg claims Madoff is a financial 9/11 for their clients. Then, Proskauer partner Thomas Sjoblom former enforcement dude for SEC and Allen Stanford attorney, declares PARTY IS OVER to Stanford employees and advises them to PRAY, this two days before SEC hearings. Then at hearings he lies with Holt to SEC saying she only prepared with him but fails to mention Miami meeting at airport hanger. Then Sjoblom resigns after SEC begins investigation and sends note to SEC disaffirming all statements made by he and Proskauer, his butt on fire.
Proskauer Rose and Foley and Lardner are also in a TRILLION dollar FEDERAL LAWSUIT legally related to a WHISTLEBLOWER CASE also in FEDERAL COURT. Marc S. Dreier is also a defendant in the Federal Case.
The Trillion Dollar suit according to judge Shira Scheindlin is one of PATENT THEFT, MURDER AND A CAR BOMBING. For graphics on the car bombing visit www.iviewit.tv.
The Federal Court cases
United States Court of Appeals for the Second Circuit Docket 08-4873-cv - Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al. - TRILLION DOLLAR LAWSUIT
Cases @ US District Court - Southern District NY
(07cv09599) Anderson v The State of New York, et al. - WHISTLEBLOWER LAWSUIT
(07cv11196) Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al.
(07cv11612) Esposito v The State of New York, et al.,
(08cv00526) Capogrosso v New York State Commission on Judicial Conduct, et al.,
(08cv02391) McKeown v The State of New York, et al.,
(08cv02852) Galison v The State of New York, et al.,
(08cv03305) Carvel v The State of New York, et al., and,
(08cv4053) Gizella Weisshaus v The State of New York, et al.
(08cv4438) Suzanne McCormick v The State of New York, et al.