A bankruptcy judge’s decision to sanction a prominent real estate developer who hired Marc S. Dreier in 2004 in a scheme to meddle with a rival’s bankruptcy has been reversed by a federal appeals court.
The 2nd U.S. Circuit Court of Appeals said that Bankruptcy Court Judge Burton R. Lifland lacked the authority to order $334,583 in sanctions against developer Sheldon Solow, his chief operating officer at Solow Realty & Development Co., Dreier and others in the bankruptcy case of Peter S. Kalikow, a developer and former head of the Metropolitan Transportation Authority.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
