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LAWYERS' FUND FOR CLIENT PROTECTION OF STATE OF NEW YORK v. JP MORGAN CHASE BANK, N.A.

510339.

80 A.D.3d 1129 (2011)

915 N.Y.S.2d 741

LAWYERS' FUND FOR CLIENT PROTECTION OF THE STATE OF NEW YORK, Respondent, v. JP MORGAN CHASE BANK, N.A., Appellant.

Appellate Division of the Supreme Court of New York, Third Department.

Decided January 27, 2011.

GARRY, J.

Plaintiff has the statutory purpose of promoting public confidence in the legal profession by reimbursing losses caused by the dishonest conduct of New York attorneys (see 22 NYCRR 7200.1; Judiciary Law § 468-b [2]; State Finance Law § 97-t). In October 2009, plaintiff commenced this subrogation action seeking to recover funds it had reimbursed to 14 claimants who suffered an aggregate loss of approximately $1 million as the result of an...

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