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Daily Archives: Tuesday, June 8, 2021

Posted: June 8, 2021

Theft of Funds in Lawyer’s Trust Account Insufficient Basis for a Claim for Conversion

On June 1, 2021, the First Department issued a decision in SH575 Holdings LLC v. Reliable Abstract Co., L.L.C., 2021 NY Slip Op. 03427, holding that the theft of funds from a lawyer’s trust account was an insufficient basis for a conversion claim, explaining: The court properly dismissed the claims for conversion. Where a conversion... Read more »