Legal Opinion

In re Cabrera

New York Supreme Court

Decided June 18, 2003PublishedCited by 2 opinions

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

  1. In re Settlement Funding of New York L.L.C.New York Supreme Court · 2003
  2. In re North Country Legal Services, Inc.New York Supreme Court · 1978

3Cited by2 opinions

  1. M & T Mortgage Corp. v. FoyNew York Supreme Court · 2008
  2. Prosperity Partners, Inc. v. BonillaDistrict Court, E.D. New York · 2005

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