ALBANY– The state’s highest court suspended a town justice in the Capital Region who was arrested last week for allegedly stealing more than $4 million from a trust fund for which he was responsible.

The state Court of Appeals on Tuesday suspended Richard Sherwood, effective immediately, from his position as Town of Guilderland justice. Sherwood, who was a town attorney in Guilderland, Albany County, for 14 years before being elected to the court in 2013, will be suspended with pay, the state’s highest court said. During session next month, the court will consider whether to continue Sherwood’s suspension from the judicial office.