Wednesday, November 23, 2016

The assignment of a client's recovery of litigation proceeds.

Practice point: W here attorneys are on notice of an assignment of their client's recovery of litigation proceeds and they disburse such proceeds in disregard of the assignment, they may be held liable to the assignees.

Case:  Swift Funding, LLC v. Isacc, NY Slip Op 07406 (1st Dep't) November 10, 2016

Here is the decision.

Friday's issue: Dismissal based on another pending action.