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Law.com Home > Creditors File Hundreds of Millions in Claims Against Dreier Firm

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Creditors File Hundreds of Millions in Claims Against Dreier Firm

By Noeleen G. Walder All Articles 

New York Law Journal

April 1, 2009

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Related Items

  • Anatomy of a Crack-Up: The Marc Dreier Case

More than 200 creditors have filed a total of more than $450 million in claims against the now-defunct Dreier LLP, according to court papers.

Listed on the claims register are several hedge funds allegedly defrauded by Marc S. Dreier, the sole equity partner of the 250-member firm, including Eton Park Capital Management, which seeks over $84 million, and Fortress Credit Opportunities I, which filed a $61.9 million unsecured claim.

Dreier, who has been free on bail since Feb. 13, stands accused of selling more than $700 million in phony real estate development notes and fake pension plan notes.

Ex-Dreier contract partners also have lined up to recoup money from the estate, with Bruce F. Bronster asking for nearly $767,000 and entertainment attorney Lisa Bonner claiming $448,365.

Tuesday was the last day for all creditors to file claims in the Chapter 11 proceeding.



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