Legal News

Dreier connection contributes to Mason Miller collapse

By Richard Binder

Marc Dreier, founder and managing partner of Dreier LLP, was charged in December with securities and wire fraud stemming from an alleged investment fraud that led to $400 million in losses and the collapse of his New York firm.

Mason Miller, a boutique transactional entertainment firm with ties to Dreier, has dissolved as its name partners, John Mason and Darrell Miller, have joined separate law firms.

Dreier was a partner at Mason Miller. As such, he supplied its four lawyers with administrative costs, equipment and files, but the firm operated independently by having its own budget, cash flow and staff.

Mason said that Dreier's collapse contributed to his firm's dissolution.

Full story at NLJ.com.

Full post as published by Legal Pad | LA on April 28, 2009 (boomark / email).