Technology investor Paul Gardi cannot recoup more than $6.3 million that investment firm JANA Partners paid to disbarred attorney Marc Dreier that was meant as a settlement payment to Mr. Gardi but was stolen by Mr. Dreier, a Manhattan bankruptcy judge has ruled.

Southern District Bankruptcy Court Judge Stewart M. Bernstein ruled yesterday in Gardi v. JANA, 10-3642, that the settlement agreement to which Mr. Dreier forged Mr. Gardi’s signature in order to get JANA’s funds was binding on the parties and that JANA therefore had no more liability to Mr. Gardi. Nevertheless, the judge ruled, Mr. Gardi might be able to recover some of the money through the bankruptcy case of Mr. Dreier’s now-defunct law firm.

This content has been archived.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 Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]