The Appellate Division, First Department courthouse at 27 Madison Ave. Photo: Rick Kopstein Attorney Accused of Using Client Funds From Co-Op Sale for Personal Expenses Is Suspended
Attorney Derek Etheridge "cites to a lack of experience regarding the rules related to the maintenance of accounts holding client funds," but "he declined to familiarize himself with them at any time prior to or during his representation of the subject client," wrote the Appellate Division, First Department panel of justices.
November 10, 2021 at 05:20 PM
5 minute read
A veteran New York lawyer who is accused of taking out more than $60,000 in attorney trust account funds in 70 separate withdraws, and at one point taking its balance down to $3.78, has been suspended from practicing law despite his claimed lack of experience and training handling such trust accounts, according to a decision suspending him.
Derek Etheridge has been suspended pending further order of the Appellate Division, First Department court, as his ethics matter, in which it's been alleged he used escrow-account funds to pay for personal expenses, continues before a state attorney grievance committee, according to the decision.
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