Dreier Disbarment Order
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Matter of Dreier (2009 NY Slip Op 07209)
10/14/09 11:55 AM
Matter of Dreier 2009 NY Slip Op 07209 Decided on October 8, 2009 Appellate Division, First Department Per Curiam Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. This opinion is uncorrected and subject to revision before publication in the Official Reports.
Decided on October 8, 2009 SUPREME COURT, APPELLATE DIVISION First Judicial Department Luis A. Gonzalez,Presiding Justice, Peter Tom John W. Sweeny, Jr. John T. Buckley James M. Catterson,Justices. M3150 [*1]In the Matter of Marc S. Dreier (admitted as Marc Stuart Dreier), an attorney and counselor-at-law: Departmental Disciplinary Committee for the First Judicial Department, Petitioner, and Marc S. Dreier, Respondent.
Disciplinary proceedings instituted by the Departmental Disciplinary Committee for the First Judicial Department. Respondent, Marc S. Dreier, was admitted to the Bar of the State of New York at a Term of the Appellate Division of the Supreme Court for the Second Judicial Department on May 5, 1976.
http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm
Page 1 of 4
Matter of Dreier (2009 NY Slip Op 07209)
10/14/09 11:55 AM
Second Judicial Department on May 5, 1976.
Alan W. Friedberg, Chief Counsel, Departmental Disciplinary Committee, New York (Vitaly Lipkansky, of counsel), for petitioner. No appearance for respondent. M-3150 (July 27, 2009) IN THE MATTER OF MARC S. DREIER, A SUSPENDED ATTORNEY [*2]
PER CURIAM Respondent Marc S. Dreier was admitted to the practice of law in New York by the Second Judicial Department on May 5, 1976, under the name Marc Stuart Drier. By order entered December 23, 2008, this Court suspended respondent on an interim basis, pursuant to 22 NYCRR 603.4(e)(1)(iii), on the basis of uncontested evidence of serious misconduct (see Matter of Dreier, 59 AD3d 37 [2008]). At all times prior to his suspension, respondent maintained an office for the practice of law within the First Judicial Department. On May 11, 2009, respondent pleaded guilty in the United States District Court for the Southern District of New York to all of the eight counts in an indictment against him. They charged: conspiracy to commit securities fraud and wire fraud in violation of 18 USC § 371; securities fraud in violation of 15 USC §§ 78j(b) and 78ff, 17 CFR § 240.10b-5, and 18 USC § 2; wire fraud in violation of 18 USC §§ 1343 and 2; and, money laundering in violation of 18 USC § 1956(a)(1) and (2). On July 13, 2009, respondent was sentenced to 20 years incarceration. The Departmental Disciplinary Committee (Committee) seeks an order, pursuant to Judiciary Law § 90(4)(b), striking respondent's name from the roll of attorneys on the ground that he was automatically disbarred as a result of his convictions of federal felonies that would also constitute felonies if committed under New York law. http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm Page 2 of 4
Matter of Dreier (2009 NY Slip Op 07209)
10/14/09 11:55 AM
that would also constitute felonies if committed under New York law. Respondent has not appeared on this motion, although a copy of the Committee's petition was served on counsel who appeared on his behalf during the criminal proceeding and on the prior suspension application. A conviction of a federal felony does not trigger automatic disbarment unless the offense would constitute a felony under the New York Penal Law (Judiciary Law § 90[4][e]; Matter of Rosenthal, 64 AD3d 16, 18 [2009]). The federal felony need not be a "mirror image" of the New York felony but it must be essentially similar (Matter of Margiotta, 60 NY2d 147, 150 [1983]). Essential similarity may be demonstrated by evidentiary materials, such as admissions made under oath made during a plea allocution, which may be read in conjunction with the indictment or information (Matter of Sorin, 47 AD3d 1 [2007]). Here, respondent's admitted misconduct with respect to his convictions: (1) for securities fraud under 15 USC §§ 78j(b) and 78ff; and (2) for conspiracy to commit securities fraud, in violation of 18 USC § 371, have been held to correspond to the misconduct which would constitute a violation of New York's insider trading statute, General Business Law § 352-c(5) and (6). As respondent's criminal offenses, if committed under New York law would constitute felonies, they are a proper predicate for automatic disbarment (see, Matter of Rosenthal, supra, 64 AD3d at 18; Matter of Olesnyckyj, 43 AD3d 167 [2007]; Matter of Appell, 27 AD3d 81, 83 [2006]). Accordingly, the Committee's petition should be granted and respondent's name stricken from the roll of attorneys pursuant to Judiciary Law § 90(4)(a) and (b) upon the ground that respondent has been disbarred as a result of his convictions of federal felonies that would constitute a felony under New York law. Respondent's name is stricken from the roll of attorneys and counselors-at-law in the State of New York, effective nunc pro tunc to May 11, 2009. All concur. Order filed. [*3]
http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm
Page 3 of 4
Matter of Dreier (2009 NY Slip Op 07209)
10/14/09 11:55 AM
Order filed. [*3] (October 8, 2009) Gonzalez,P.J., Tom, Sweeney, Buckley, and Catterson, JJ. Respondent disbarred and his name stricken from the roll of attorneys and counselorsat-law in the State of New York, nunc pro tunc to May 11, 2009. Opinion Per Curiam. All concur.
Return to Decision List
http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm
Page 4 of 4
10/14/09 11:55 AM
Matter of Dreier 2009 NY Slip Op 07209 Decided on October 8, 2009 Appellate Division, First Department Per Curiam Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431. This opinion is uncorrected and subject to revision before publication in the Official Reports.
Decided on October 8, 2009 SUPREME COURT, APPELLATE DIVISION First Judicial Department Luis A. Gonzalez,Presiding Justice, Peter Tom John W. Sweeny, Jr. John T. Buckley James M. Catterson,Justices. M3150 [*1]In the Matter of Marc S. Dreier (admitted as Marc Stuart Dreier), an attorney and counselor-at-law: Departmental Disciplinary Committee for the First Judicial Department, Petitioner, and Marc S. Dreier, Respondent.
Disciplinary proceedings instituted by the Departmental Disciplinary Committee for the First Judicial Department. Respondent, Marc S. Dreier, was admitted to the Bar of the State of New York at a Term of the Appellate Division of the Supreme Court for the Second Judicial Department on May 5, 1976.
http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm
Page 1 of 4
Matter of Dreier (2009 NY Slip Op 07209)
10/14/09 11:55 AM
Second Judicial Department on May 5, 1976.
Alan W. Friedberg, Chief Counsel, Departmental Disciplinary Committee, New York (Vitaly Lipkansky, of counsel), for petitioner. No appearance for respondent. M-3150 (July 27, 2009) IN THE MATTER OF MARC S. DREIER, A SUSPENDED ATTORNEY [*2]
PER CURIAM Respondent Marc S. Dreier was admitted to the practice of law in New York by the Second Judicial Department on May 5, 1976, under the name Marc Stuart Drier. By order entered December 23, 2008, this Court suspended respondent on an interim basis, pursuant to 22 NYCRR 603.4(e)(1)(iii), on the basis of uncontested evidence of serious misconduct (see Matter of Dreier, 59 AD3d 37 [2008]). At all times prior to his suspension, respondent maintained an office for the practice of law within the First Judicial Department. On May 11, 2009, respondent pleaded guilty in the United States District Court for the Southern District of New York to all of the eight counts in an indictment against him. They charged: conspiracy to commit securities fraud and wire fraud in violation of 18 USC § 371; securities fraud in violation of 15 USC §§ 78j(b) and 78ff, 17 CFR § 240.10b-5, and 18 USC § 2; wire fraud in violation of 18 USC §§ 1343 and 2; and, money laundering in violation of 18 USC § 1956(a)(1) and (2). On July 13, 2009, respondent was sentenced to 20 years incarceration. The Departmental Disciplinary Committee (Committee) seeks an order, pursuant to Judiciary Law § 90(4)(b), striking respondent's name from the roll of attorneys on the ground that he was automatically disbarred as a result of his convictions of federal felonies that would also constitute felonies if committed under New York law. http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm Page 2 of 4
Matter of Dreier (2009 NY Slip Op 07209)
10/14/09 11:55 AM
that would also constitute felonies if committed under New York law. Respondent has not appeared on this motion, although a copy of the Committee's petition was served on counsel who appeared on his behalf during the criminal proceeding and on the prior suspension application. A conviction of a federal felony does not trigger automatic disbarment unless the offense would constitute a felony under the New York Penal Law (Judiciary Law § 90[4][e]; Matter of Rosenthal, 64 AD3d 16, 18 [2009]). The federal felony need not be a "mirror image" of the New York felony but it must be essentially similar (Matter of Margiotta, 60 NY2d 147, 150 [1983]). Essential similarity may be demonstrated by evidentiary materials, such as admissions made under oath made during a plea allocution, which may be read in conjunction with the indictment or information (Matter of Sorin, 47 AD3d 1 [2007]). Here, respondent's admitted misconduct with respect to his convictions: (1) for securities fraud under 15 USC §§ 78j(b) and 78ff; and (2) for conspiracy to commit securities fraud, in violation of 18 USC § 371, have been held to correspond to the misconduct which would constitute a violation of New York's insider trading statute, General Business Law § 352-c(5) and (6). As respondent's criminal offenses, if committed under New York law would constitute felonies, they are a proper predicate for automatic disbarment (see, Matter of Rosenthal, supra, 64 AD3d at 18; Matter of Olesnyckyj, 43 AD3d 167 [2007]; Matter of Appell, 27 AD3d 81, 83 [2006]). Accordingly, the Committee's petition should be granted and respondent's name stricken from the roll of attorneys pursuant to Judiciary Law § 90(4)(a) and (b) upon the ground that respondent has been disbarred as a result of his convictions of federal felonies that would constitute a felony under New York law. Respondent's name is stricken from the roll of attorneys and counselors-at-law in the State of New York, effective nunc pro tunc to May 11, 2009. All concur. Order filed. [*3]
http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm
Page 3 of 4
Matter of Dreier (2009 NY Slip Op 07209)
10/14/09 11:55 AM
Order filed. [*3] (October 8, 2009) Gonzalez,P.J., Tom, Sweeney, Buckley, and Catterson, JJ. Respondent disbarred and his name stricken from the roll of attorneys and counselorsat-law in the State of New York, nunc pro tunc to May 11, 2009. Opinion Per Curiam. All concur.
Return to Decision List
http://www.courts.state.ny.us/reporter/3dseries/2009/2009_07209.htm
Page 4 of 4
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