Wednesday, August 1, 2012
The Maine Supreme Judicial Court addressed an issue that rarely receives attention in published opinions--the appropriate compensation paid to a receiver appointed to deal with the clients of a lawyer gone missing in action.
The court noted that the receivership was of an "unprecedented scope" and that the appointed attorney rendered "outstanding" service. The receiver attempted to contact 623 clients of the attorney and received responses from 333 of them.
The court here identifies six factors that will be considered in determining the amount to be paid to the receiver. (Mike Frisch)