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Interest on Lawyers' Trust Accounts (IOLTA) [1] is a method of raising money for charitable purposes, primarily the provision of civil legal services to indigent persons, through the use of interest earned on certain lawyer trust accounts. [2]
Rothstein's law firm's IOLTA trust accounts established "for the plaintiff" in the purported litigation settlements were used to fund the phony settlement accounts, after the law firm had paid its overhead, keeping its insolvent operation afloat, which included "gifts" to partners and money given to politicians, charities, and pay for a massive ...
NJSBA is the publisher of New Jersey Lawyer. It shares New Jersey Law Center with the New Jersey State Bar Foundation, the association's educational division, the Institute for Continuing Legal Education, the IOLTA Fund of the Bar of New Jersey, the New Jersey Lawyers Assistance Program and the New Jersey Commission on Professionalism. [3]
Trust accounts provided a loophole to insure more than $250,000. Under the old FDIC rules, each beneficiary of the trust would get $250,000 in insurance protection. So, for example, if the trust ...
"(c) IOLTA funds means funds derived from programs established by State court rules or legislation that collect and distribute interest on lawyers' trust accounts. (d) Non-LSC funds means funds derived from a source other than the Corporation. (e) Private funds means funds derived from an individual or entity other than a governmental source or ...
For the Public contains valuable information to help choose a lawyer and find guidance on a range of legal issues, as well as law related education programs. Rhode Island Bar Foundation provides information about Interest on Lawyers Trust Accounts (IOLTA) and the Bar's Law School Scholarship Program.
Attorneys for President-elect Donald Trump and his allies have unleashed a legal blitz this week to prevent the release of special counsel Jack Smith's final report on his classified documents and ...
A former Allianz fund manager was spared prison time on Friday over his role in a meltdown of private investment funds sparked by the COVID-19 pandemic that caused an estimated $7 billion of ...
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