Tuesday, May 1, 2012

Failed Assignment

The dangers of mishandling entrusted funds is once again on display in a decision of the Maryland Court of Appeals.

The court disbarred an attorney who held funds under an assignment and failed to pay medical bills from settlement proceeds. The attorney did not keep a trust account, deposited the settlement proceeds in his operating account (which involves commingling) and failed to maintain required financial records. (Mike Frisch)

http://lawprofessors.typepad.com/legal_profession/2012/05/failed-assignment.html

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