News

RCT CLIENT SETTLES CLAWBACK ACTION FOR $32.2 MILLION

On October 15, 2014, RCT client Sheila M. Gowan, Post-confirmation Plan Administrator for Dreier LLP, settled her clawback action against the Westford family of hedge funds for $32.2 million. The settlement, which is still subject to Bankruptcy Court approval, ends the last in a series of litigations Ms. Gowan brought against hedge funds that had invested in a massive Ponzi scheme operated by disgraced former attorney, Marc S. Dreier.

Prior results do not guarantee a similar outcome