Lawyers Ponder Liability Over Client Trust Accounts at Failed Banks (Law.com)

Published on: Tue, 14 Oct 2008 01:17:34 GMT

Following the failure of IndyMac and the potential of other bank collapses, lawyers have been flooding bar associations with questions about whether they would be responsible for client trust accounts if a bank fails. According to research and interviews with several bar associations, lawyers should not worry about sanctions or disciplinary actions if a bank failure leads to the loss of client ... More »