Henry M. Greenberg of Greenberg Traurig.Bar Groups Say IOLA Settlement Protects Civil Litigants' Fund From Future 'Raids'
Through pro bono efforts of Greenberg Traurig, four New York bar associations said they secured a settlement with Gov. Kathy Hochul and Comptroller Thomas DiNapoli that assures the state's incumbent leaders won't try to leverage a trust fund that holds millions for needy civil litigants. The officials had used $55 million in the fiscal 2025 budget to provide low-income residents with foreclosure relief.
January 31, 2025 at 05:39 PM
4 minute read
Four bar associations said on Friday that the New York state government's unprecedented move seize $55 million in 2024 from a trust reserved for low-income residents' civil litigation needs will not be repeated during the tenures of Gov. Kathy Hochul and Comptroller Thomas DiNapoli.
After months of negotiations, and the threat of a lawsuit, the New York State Bar Association, the New York City Bar Association, the New York County Lawyers Association and the Monroe County Bar Association said it successfully reached negotiations with the two elected state officials.
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