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CLIENTS' SEC. FUND v. GRANDEAU

72 N.Y.2d 62 (1988)

Clients' Security Fund of the State of New York, Respondent, v. Barry J. Grandeau, Defendant, and Michael T. Dahowski, Appellant.

Court of Appeals of the State of New York.

Decided June 30, 1988.

Attorney(s) appearing for the Case

Thomas N. O'Hara for appellant.

Robert Abrams, Attorney-General (Denise A. Hartman, O. Peter Sherwood and Peter H. Schiff of counsel), for respondent.

Chief Judge WACHTLER and Judges SIMONS, HANCOCK, JR., and BELLACOSA concur; Judges KAYE and TITONE taking no part.

ALEXANDER, J.

The Clients' Security Fund of the State of New York reimbursed several hundred law clients of attorney Barry J. Grandeau for losses suffered as a result of his having misappropriated their funds. As a condition of reimbursement, the clients agreed to assign and subrogate to the Clients' Security Fund their rights against Grandeau, his partner Michael T. Dahowski, and their law partnership. By statute...

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