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AVALON, LLC, v. CORONET PROPERTIES COMPANY

16 A.D.3d 209 (2005)

791 N.Y.S.2d 530

AVALON, LLC, Respondent, v. CORONET PROPERTIES COMPANY et al., Defendants, and DERFNER AND MAHLER, LLP, et al., Appellants.

Appellate Division of the Supreme Court of the State of New York, First Department.

March 15, 2005.

On April 14, 1994, defendant Coronet Properties entered into an agreement with the other defendants which, inter alia, assigned Coronet's right to any net proceeds from settlement of litigation with the Federal Deposit Insurance Corporation (FDIC) to certain "professionals" providing ongoing services to Coronet and to defendant Wellington Sales. Among such professionals were the attorney defendants Derfner and Mahler, LLP, Donald Derfner and Peter Mahler (collectively, D...

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