U.S. District Court, S.D.N.Y. · US (NY) · 2020 · Decided
Citation/Docket: 2020 WL 1285783 (S.D.N.Y. Mar. 18, 2020)
Posture: Assignee-plaintiffs vs. trustee banks
Funder(s) involved: (CDO claim assignees)
Assignments of rights to sue under CDO trust certificates, executed mid-litigation to cure standing problems.
Held champertous under Justinian, assignments made for the purpose of litigation violated § 489.
Standing 'fixes' by assignment during litigation are a champerty trap in New York.
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Compiled from public sources (court filings, published opinions, and secondary reporting) as part of the Institute's Phase 1 Dispute Library research. This is educational material, not legal advice; case citations should be independently verified before relied upon.