Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Fortress Investment Group Inc. affiliates have agreed to slash their $125.6 million worth of claims against the bankruptcy estate of disgraced attorney Marc Dreier’s defunct firm by more than half to settle claims brought by the estate’s trustee. The Fortress units, whose claims account for about 22 percent of all the claims asserted against the firm’s estate in the bankruptcy case, were net losers in Mr. Dreier’s scam based on fraudulent promissory notes. Under the settlement, they would reduce their claims by $70.6 million, or 56 percent.

This content has been archived.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]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.