Mutual Benefits Offshore Fund, Ltd v. Zeltser, et al., Index No. 650438/2009 (Sup. Ct. N.Y. Cty, Commercial Division)

Kruzhkov Russo won summary judgment for Mutual Benefits Offshore Fund, Ltd., in this action to recover approximately $4.3 million in attorney escrowed funds wrongfully taken by the Defendants. Justice Marcy Friedman of the New York Supreme Court, Commercial Division, found without trial that Defendants Emanuel Zeltser and his law firm misappropriated client funds and that judgment was appropriate for breach of fiduciary duty, conversion and unjust enrichment. The Court also granted Plaintiff’s motion to permit the release to MBOF of $7 million held in a joint escrow account. To read the decision, click here.

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