Clients' Security Fund v. Grandeau

*674OPINION OF THE COURT

Harold J. Hughes, J.

The issue before the court is whether the Clients’ Security Fund of the State of New York (Fund) can recover in a subrogation suit for payments made by the Fund to clients of a partnership against the partner of a dishonest attorney.

The Fund was created by Laws of 1981 (ch 714) and its purpose "is to promote public confidence in the administration of justice and the integrity of the legal profession by reimbursing losses caused by the dishonest conduct of attorneys admitted and licensed to practice law in the courts of New York State” (22 NYCRR 7200.1).…