Southern District Bankruptcy Judge Stuart M. Bernstein granted Wachovia's motion to dismiss a lawsuit filed by Sheila M. Gowan of Diamond McCarthy as Chapter 11 trustee for the estate of Dreier LLP. Ms. Gowan alleged the bank lent millions of dollars to Marc Dreier's firm even after it should have become suspicious that Mr. Dreier was involved in an illegal scheme.
Dreier LLP Trustee's Bid to Recoup Funds From Bank Rejected
New York Law Journal
August 4, 2011
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