A New York lawyer who pleaded guilty to securities fraud involving inducing some $3 million from investors through his litigation-funding firm has been disbarred, according to a disciplinary opinion and a Justice Department news release.

Jaeson L. Birnbaum, who was admitted to the state bar in 2003, has been stripped of his law license under a state statute that triggers automatic disbarment when a lawyer commits a felony in a U.S. district or territory that if committed in New York state would likewise constitute a felony, wrote the Appellate Division, First Department court in a decision disbarring Birnbaum nunc pro tunc, or retroactively, to Sept. 28, 2021, the date of his guilty plea in federal court.