Jailed attorney Marc S. Dreier renewed his efforts Monday to be released on bail. Indicted last week by a federal grand jury on charges that he bilked hedge funds and other investors of more than $400 million, Dreier pleaded not guilty at his arraignment before New York federal Judge Jed S. Rakoff, who promised to rule no later than Friday on whether to release Dreier on bail. The judge ordered both sides to submit briefs on what lengths private armed guards could go to if Dreier attempted to flee his apartment.
Dreier Pleads Not Guilty, Judge Will Rule by Friday on Bail
New York Law Journal
February 3, 2009