Legal Question in Civil Litigation in New York
Is it possible for a plaintiff's attorney to tell the opposing counsel he will hold the stipulations and general releases in escrow until that attorney receives the full settlement check for a case, if the parties feel the defendant's are not acting in good faith? They may be trying to grab the money we are entitled to once they receive t eh paperwork. The defendants are a municipality.
Asked on 8/15/11, 9:06 am
1 Answer from Attorneys
SHAHRIAR KASHANIAN
LAW OFFICES OF SHAHRIAR KASHANIAN, ESQ.,
It is reasonable and customary for attorneys to keep General Releases in escrow pending receipt ,in hand , of funds to finalize the settlement; a simultaneous transaction.
Answered on 8/15/11, 9:48 am