A company that lost $50 million in a fraudulent deal with ex-attorney Marc S. Dreier cannot recover damages from Dechert for certifying that the deal was legitimate, a unanimous appellate panel has ruled.
The five-judge New York state panel found Dechert did nothing wrong in vouching for the Fortress Credit deal based on the documents it reviewed, even though those documents turned out to be fraudulent.
This content has been archived.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]
