Opinion ID: 1644439
Heading Depth: 1
Heading Rank: 5

Heading: Right of Action as the ANA Estate representative

Text: Barbara argues that the ANA estate, which consists of various creditors of the three SBE entities, effectively assigned its cause of action against the Commissioner to her in exchange for a percentage of her recovery on the reconventional demand. The Commissioner argues that there was no assignment of rights by the Estate. The terms of the settlement were dictated into the record prior to trial of this matter. [17] The settlement provided that the ANA estate would be paid 1/3 of Barbara Presley's recovery on the reconventional demand, up to the sum of $1,000,000. Thereafter, the ANA estate is to receive 25% of the recovery after the payment of attorney fees and expenses, without limitation. We find nothing in this settlement agreement that equates to an assignment of the Estate's cause of action. While, admittedly, the Estate stands to recover part of any judgment collected by Barbara Presley, this alone does not give Barbara Presley the right to maintain a cause of action against the Commissioner in this case.