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Posts Categorized: Conversion

Posted: August 12, 2017

Plaintiff Awarded Damages on Conversion Claim Even Though Converted Funds Returned

On July 21, 2017, Justice Kornreich of the New York County Commercial Division issued a decision in Cargill Soluciones Empresariales, S.A. De C.V., SOFOM, E.N.R. v. Desarrolladora Farallon S. de R.L. de C.V., 2017 NY Slip Op. 31650(U), awarding judgment and damages on a conversion claim even though the defendant returned the converted funds, explaining:… Read more »

Posted: April 25, 2017

Client Q&A: My company has been sued for replevin, conversion, promissory estoppel, and constructive trust

My company has been sued for replevin, conversion, promissory estoppel, and constructive trust. What do these words even mean?! By Vitali S. Rosenfeld Misappropriation of assets takes many forms and invites all kinds of claims seeking various legal remedies. Very often, many alternative claims are asserted for the same alleged wrong. For instance, it is… Read more »

Posted: January 29, 2016

Conversion Claim Based on Transfer of Funds in Defendant’s Escrow Account to Third Party Upheld

On January 19, 2016, the First Department issued a decision in Grasshoff v. Etra, 2016 NY Slip Op. 00304, upholding a conversion claim based on the defendant’s transfer of funds in its escrow account to a third-party. In Grasshoff, the trial court granted the plaintiff summary judgment based on evidence “showing that he transferred his… Read more »