In re Pacor

OPINION of the court

The respondent was admitted to practice by the Appellate Division, First Judicial Department, on November 26, 1951. In this proceeding to discipline him for professional misconduct, the petitioner moves to confirm the report of the referee to whom the issues were referred for hearing and report. The respondent has submitted an affidavit in opposition to petitioner’s motion to confirm.

The referee found the respondent guilty of the following misconduct: accepting a loan from a client and entering into a business transaction in which he and the client had *393differing interests;…