Millennium Partners, L.P. v. Select Insurance

As the motion court found, the findings recited in the Securities and Exchange Commission’s cease and desist order to which plaintiff consented and in the assurance of discontinuance it entered into with the Attorney General of the State of New York, which provided, inter alia, for the disgorgement by plaintiff of $148 million, “conclusively link the disgorgement to improperly acquired funds,” notwithstanding that plaintiff consented and agreed to these orders “without admitting or denying the findings [t]herein” (see Vigilant Ins. Co. v Credit Suisse First Boston Corp., 10 AD3d 528 [2004]).…