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Panel Absolves Dechert of Blame in Dreier Scam
In its lawsuit, Fortress accused Dechert of issuing an "utterly false legal opinion letter" and failing to do "even the most basic due diligence" before preparing an opinion. The suit also claimed that Dechert had said in a letter that it was serving as counsel to Marc S. Dreier and to Solow Realty, even though it never had any contact with the latter.Unanimous Panel Absolves Dechert of Blame in Dreier Scam
In its lawsuit, Fortress accused Dechert of issuing an "utterly false legal opinion letter" and failing to do "even the most basic due diligence" before preparing an opinion. The suit also claimed that Dechert had said in a letter that it was serving as counsel to Marc S. Dreier and to Solow Realty, even though it never had any contact with the latter.Ruskin Sued Over Opinion Letters in Deals Involving Dreier
Panel Upsets Investor's Suit Against Bank Over Illegal Tax Shelter
German bank UniCredit Bank Aktiengesellschaft may not be liable for lending money to an American investor as part of a tax shelter scheme later shut down by the IRS, even though the bank admitted to wrongdoing in connection with the scheme, a state appeals panel ruled yesterday.THE NLJ 250 | Index of firms listed
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