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Quinn Emanuel's Adam Abensohn, Benjamin Finestone and Robert Loigman  Courtesy Photo Quinn Emanuel’s Adam Abensohn, Benjamin Finestone and Robert Loigman. Courtesy Photo

Who knew that New York law had a corollary to the old playground rule of “no take backs?” New York’s “discharge for value” rule means, in essence, if you are owed money and paid it in full without any notice that the payment was a mistake, you’re entitled to keep it.

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Ross Todd

Ross Todd is the Editor/columnist for the Am Law Litigation Daily. He writes about litigation of all sorts. Previously, Ross was the Bureau Chief of The Recorder, ALM's California affiliate. Contact Ross at [email protected] On Twitter: @Ross_Todd.

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