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A 9th U.S. Circuit Court of Appeals ruling that Washington state law clients should be compensated for interest on trust accounts would spell doom for New Jersey's program if the U.S. Supreme Court makes the case the law of the land. The panel ruled IOLTA monies belong to the clients who own the principal, and funneling the funds into legal assistance programs could violate the Fifth Amendment.
January 23, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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