Mar Oil, S.A. v. Morrissey

OPINION, FINDINGS OF FACT AND CONCLUSIONS OF LAW

NEWMAN, Senior Judge,

United States Court of International Trade, sitting as a District Court Judge by Designation:

INTRODUCTION

This is a bitterly contested diversity suit by plaintiff Mar Oil, S.A., a Spanish business corporation, against Francis X. Morrissey, Jr., a New York attorney, who rendered professional services for the plaintiff. 1 By consent, the defendant collected the proceeds of a settlement of claims brought by the plaintiff which were deposited in an escrow account and maintained in defendant’s name in trust for plaintiff at Morgan…