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MATTER OF SCHRAGER

86 A.D.2d 229 (1982)

In the Matter of Ian Schrager, an Attorney, Respondent. Departmental Disciplinary Committee for the First Judicial Department, Petitioner

Appellate Division of the Supreme Court of the State of New York, First Department.

April 27, 1982

Attorney(s) appearing for the Case

Kim D. Ringler of counsel (Michael A. Gentile, attorney), for petitioner.

Howard Squadron and Harvey Horowitz of counsel (Squadron, Ellenoff, Plesent & Lehrer, attorneys), for respondent.

BIRNS, J. P., ROSS, MARKEWICH, SILVERMAN and BLOOM, JJ., concur.

Per Curiam.

Respondent, a member of the Bar of this State, and two others formed a corporation for the purpose of operating a discotheque. To that end they leased an unused television studio and, in April, 1977 commenced operations under the name of Studio 54. In November, 1977 Studio 54 was granted a liquor license. From that point onward the venture was inordinately successful. Indeed, from November, 1977 to December, 1978 it generated revenues in

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