Topic
client funds
150 published works
Legal Profession Blog
New Illinois Rule On Entrusted Funds
Illinois has adopted a significantly revised Rule 1.15 that will go into operation on September 1, 2011. The web page of the Attorney Registration & Grievance Commission has this link to questions…
InsureReinsure
UK: High Court Tells Lehman Administrators to Await Supreme Court Decision
Following the Court of Appeal decision in their application to the Court for directions to enable them to identify client money and its traceable proceeds (as previously reported here), the…
Legal Profession Blog
Misappropriation = Disbarment
An attorney who had misappropriated funds entrusted by clients was disbarred by the New Jersey Supreme Court. The attorney had received a series of eight checks from the client for…
Legal Profession Blog
Where Have You Gone, Joe DiMaggio?
The California Bar Journal reports a recent disciplinary matter:[An attorney] was suspended for three years, stayed, actually suspended for two years and until the State Bar Court grants a motion…
InsureReinsure
UK: Lehman English Administrators to Appeal Court of Appeal Ruling
It is reported in the press that the PWC administrators of Lehman Brothers International (Europe) Limited (LBIE), the London-based arm of the Lehman bank, are to appeal the recent Court…
Legal Profession Blog
Former Law Firm Associate Suspended
The South Carolina Supreme Court has ordered a six-month suspension of an associate who took retainers due to his firm. The court described the misconduct:For a period of four years,…
Corporate & Financial Weekly Digest
Court of Appeal Decides LBIE Client Money Application
By Edward Black
On August 2, the English Court of Appeal handed down its judgment on the client money directions application made in the Administration of Lehman Brothers International (Europe) (LBIE). The Court…
InsureReinsure
UK: Court of Appeal Reverses Key Aspects of High Court Judgment on the Treatment of Client Money in the Lehman Insolvency
In Lehman Brothers International (Europe)(in administration) v CRC Credit Fund Limited & Ors [2010] EWCA Civ 917 the Court of Appeal considered the first instance judgment of Mr Justice Briggs…
Corporate & Financial Weekly Digest
FSA Continues to Focus on Client Money
By Edward Black
The UK Financial Services Authority (FSA) has recently written to the chief executive officers of all firms handling client money and assets seeking a response before June 30: confirming that…
Legal Profession Blog
Burden Of Proof When Entrusted Cash Is Missing
A bar discipline decision issued by the Massachusetts Supreme Judicial Court yesterday:In this bar discipline case, the respondent received cash belonging to an elderly client but did not make a…