A mortgage company’s third-party claim for reimbursement from the Lawyers’ Fund for Client Protection has been thrown out by a Nassau County, N.Y., Supreme Court justice.
In Norwest Mortgage v. The Dime Savings Bank, 22733-99, handed down Feb. 2, Justice Ralph Franco ruled that Norwest Mortgage may not proceed with a statutory negligence claim against The Dime Savings Bank for loan closing funds stolen in a former attorney’s $3 million real estate scam.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]