We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Abraaj Exec Cleared To Leave NY Jail With $10M Bail Deal

Law360, New York (April 29, 2019, 4:35 PM EDT) -- Abraaj Group managing partner Mustafa Abdel-Wadood is on track to exit a Manhattan federal detention center ahead of his trial on charges of lying to the buyout firm's backers, after a judge on Monday approved a $10 million bail package.

Abdel-Wadood, accused by Manhattan federal prosecutors of inflating the value of Abraaj funds before his $13 billion Dubai private equity firm collapsed last year, will be confined to an apartment in New York while he awaits trial.

The 49-year-old defendant must post a $10 million bond secured by two U.S. properties and will be subject to electronic monitoring, according to an...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Southern

Nature of Suit

Date Filed

April 2, 2019

Law Firms

Companies

Government Agencies

Judge Analytics