Contesting an SEC order to freeze Marc Dreier's assets, attorney Gerald Shargel told the Am Law Daily on Wednesday that he has reached an agreement in principle with SEC attorneys to release $50,000 that the former law firm managing partner can use to pay his legal bills. Shargel says he still plans to contest a judge's decision to hold Dreier without bail. The subject of financier Bernard Madoff's house arrest may still play a role in bail arguments to be made on Dreier's behalf.
Some Dreier Money Freed Up for Payment of Legal Bills
The American Lawyer
January 15, 2009