Legal Opinion
Clients' Security Fund v. Grandeau
New York Court of Appeals
Decided June 30, 1988PublishedCited by 18 opinions
1Opinion of the Court
OPINION OF THE COURT
Alexander, J.
The Clients’ Security Fund of the State of New York reimbursed several hundred law clients of attorney Barry J. Grandeau for losses suffered as a result of his having misappropriated their funds. As a condition of reimbursement, the clients agreed to assign and subrogate to the Clients’ Security Fund their rights against Grandeau, his partner Michael T. Dahowski, and their law partnership. By statute, the Fund is authorized to recover disbursements made to clients of the attorney who engaged in the dishonest conduct. The question presented by this appeal is…
2Cases cited5 opinions
- United States Fidelity & Guaranty Co. v. E. W. Smith Co.New York Court of Appeals · 1979
- In re DahowskiAppellate Division of the Supreme Court of the State of New York · 1984
- Clients' Security Fund v. GrandeauNew York Supreme Court · 1986
- In re GrandeauAppellate Division of the Supreme Court of the State of New York · 1982
- Clients' Security Fund v. GrandeauAppellate Division of the Supreme Court of the State of New York · 1987
3Cited by18 opinions
- Securities Groups v. BarnettCourt of Appeals for the Eleventh Circuit · 1993
- Swersky v. Dreyer & TraubAppellate Division of the Supreme Court of the State of New York · 1996
- Lawyers' Fund for Client Protection v. Bank Leumi Trust Co.New York Court of Appeals · 2000
- HMG/Courtland Properties, Inc. v. GrayCourt of Chancery of Delaware · 1999
- In Re The Monetary GroupCourt of Appeals for the Eleventh Circuit · 1993
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