In re Cabrera
New York Supreme Court
1Opinion of the Court
OPINION OF THE COURT
Herbert Kramer, J.
Should the assignment of periodic lottery payments in exchange for a lump-sum payoff be judicially authorized on a *330pro forma basis upon ex parte submissions? This court holds that in order to effectuate its legislatively mandated oversight function, a court cannot make this determination absent a full record and without input from all of the affected parties.
Two ex parte applications have been made by a finance company on behalf of and with the consent of two lottery winners seeking judicial approval for their agreement to assign to the would-be lender…
2Cases cited2 opinions
- In re Settlement Funding of New York L.L.C.New York Supreme Court · 2003
- In re North Country Legal Services, Inc.New York Supreme Court · 1978
3Cited by2 opinions
- M & T Mortgage Corp. v. FoyNew York Supreme Court · 2008
- Prosperity Partners, Inc. v. BonillaDistrict Court, E.D. New York · 2005