Professor Roy D. Simon, Jr. was quoted in a New York Law Journal article.
Ethics Experts Say Former Partners Could Face Liability
By Noeleen G. Walder
February 02, 2009
Roy D. Simon Jr., a legal ethics professor at Hofstra University School of Law, said that the limited control ex-Dreier partners reportedly had over the firm could go a long way to shield them from exposure to liability.
“Based on my limited understanding . . . it’s very difficult to say that they should have known [about Dreier’s alleged fraud] since the structure of the firm made them a lot like associates,” Mr. Simon said.