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The Florida Bar withdrew a proposed legal ethics opinion that would have allowed attorneys to help clients get cash advances from litigation funding companies while awaiting the resolution of lawsuits. The Bar's surprise action came after reports the Florida Department of Banking and Finance is investigating whether such companies are charging interest rates that exceed the state's rate ceiling.
January 25, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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