In 1981, plaintiff James Talcott Factors, Inc., agreed to advance moneys to Larfred, Inc., whose president is Lawrence Cohen, in exchange for the assignment of defendant's accounts receivable. Plaintiff subsequently alleged that defendant had fraudulently diverted the proceeds of the accounts receivable to itself, despite their ownership by plaintiff, and thus commenced the instant action seeking approximately $730,000 in damages. Plaintiff also moved for a preliminary injunction...
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