Merrill Lynch Mortgage Investors, Inc. v. Love Funding Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding the Plaintiff could not recover as it was assigned a right for the purpose of litigation
• observing further that “[t]o acquire indemnification rights to the cost of past litigation is not to acquire a thing in action in order to obtain costs from prosecution thereon” (emphasis added)
• observing further that “[t]o acquire indemnification rights to the cost of past litigation is not to acquire a thing in action in order to obtain costs from prosecution thereon” (emphasis added)
• voiding the assignment of rights from a non-party to the Plaintiff
• “We hold that a corporation or association that takes an assignment of a claim does not violate Judiciary Law § 489(1) if its purpose is to collect damages, by means of a lawsuit, for losses on a debt instrument in which it holds a preexisting proprietary interest.”
• answering certified question from Second Circuit

Source: CourtListener parenthetical corpus (CC0).