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Dreier Loses Law License
New York Law Journal
October 12, 2009
Marc S. Dreier, 59, the former sole equity partner of 250-lawyer Dreier LLP who in May pleaded guilty in federal court to selling more than $700 million in bogus real estate and pension plan notes, was disbarred Thursday.
"As respondent's criminal offenses, if committed under New York law, would constitute felonies, they are a proper predicate for automatic disbarment," the New York Appellate Division, 1st Department, wrote.
Dreier was suspended in December following his arrest. On July 13, Southern District of New York Judge Jed S. Rakoff sentenced him to 20 years in prison. He is now at the Metropolitan Correctional Center in Chicago and will serve his sentence at a federal prison in Sandstone, Minn.
Presiding Justice Luis A. Gonzalez and Justices Peter Tom, John W. Sweeny Jr., John T. Buckley and James M. Catterson sat on the panel. The case is Matter of Dreier.
