After months of negotiations, prosecutors have told a federal judge they have hammered out an agreement with the trustees charged with liquidating the estates of disbarred attorney Marc S. Dreier and his defunct 250-lawyer firm.
Representatives of the Southern District U.S. Attorney’s Office and lawyers for Sheila Gowan of Diamond McCarthy, the trustee for Dreier LLP, and Chapter 7 trustee Salvatore LaMonica of LaMonica Herbst & Maniscalco urged Southern District Judge Jed S. Rakoff on Tuesday to approve three agreements, including one with investment manager GSO Capital Partners LP.
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