Supreme Court Broadens Scope Of Rule Protecting Clients

Saturday, August 31, 2013

A fund that all Tennessee attorneys financially support will now offer even more protection to those clients that may have suffered a financial loss as a result of the dishonest acts of any member of the profession.

“This fund is now supported entirely by Tennessee lawyers – all willing to take responsibility for the actions of the unscrupulous few,” said Supreme Court Chief Justice Gary Wade.

“Fortunately, the number of claims has been few over the years and, in consequence, the fund has grown substantially.”

The Lawyers’ Fund for Client Protection was established more than three decades ago under Supreme Court Rule 25 to reimburse clients for financial losses caused by acts of conversion or theft during the attorney-client relationship. It is supported exclusively by annual fees paid by each licensed Tennessee attorney.

Based on the solid financial standing of the fund, Executive Director Judy Bond-McKissack and the fund’s governing board recommended changes in the rule designed to afford greater protections to the general public. The Supreme Court endorsed their proposal.

“The protection of client interests is an essential element in any system of lawyer regulation,” the Court order states.

The revision to the rule extends the definition of “lawyer” to include all attorneys who practice in Tennessee, regardless of the state granting licensure. Previously, the rule addressed only those attorneys licensed by the State of Tennessee.

Another significant change is to extend from one to three years the amount of time for a client to make a claim for reimbursement. The fund’s governing board pointed out that the small number of valid claims against individuals within the profession has made this extension possible.

The amendments, which are the first changes to the rule since 2009, will go into effect onOctober 1, 2013. Board members of the Lawyers’ Fund for Client Protection are appointed by the Supreme Court and serve without compensation.

Read the text of the new Supreme Court Rule 25 here.


New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: 3W BUSINESS SOLUTIONS 4642 ANSEL CIR HIXSON, TN 37343 AESTHETIC INVESTMENTS 4715 BONNY OAKS DR APT 219 CHATTANOOGA, TN 37416 ANTHONY DUCKETT - MILLENNIUM 5 LLC 2145 S HOLLY ST CHATTANOOGA, TN 37404 AUGGIE REPAIR 601 SPEARS AVE CHATTANOOGA, TN 37405 B & H VENTURES 819 ... (click for more)

CBL Completes Sale Of 2 Regional Malls For $66.5 Million

CBL & Associates Properties, Inc. (NYSE: CBL) on Friday announced that it closed on the sale of Fashion Square Mall in Saginaw, Mich., and The Lakes in Muskegon, Mich. The malls were sold to a private buyer for an aggregate price of $66.5 million, including the assumption of a $38.2 million loan secured by Fashion Square. Net proceeds from the sale were used to reduce outstanding ... (click for more)

Mayor Andy Berke Among Hillary Clinton Delegates At Democratic National Convention

Chattanooga Mayor Andy Berke is among delegates for Hillary Clinton at the Democratic National Convention, which gets underway today (Monday) at Philadelphia. Here is the full list of Tennessee delegates and alternates: Hillary Clinton Delegates Calvin Anderson Christopher Ball Megan Barry Andy Berke Gary Bynum David Cambron David Cocke ... (click for more)

Tennesseans Take Advantage Of Early Voting

Tennesseans are showing up to vote early in the  August 4  state primary and county general election. So far a total of 124,433 voters have voted early or cast absentee ballots. Early voting runs Mondays through Saturdays and ends  Saturday, July 30 . The easiest way for voters to find their early voting and Election Day polling locations, ... (click for more)

Make America Good Again - And Response

“No people can be great, who have ceased to be virtuous.”   Samuel Johnson (1709 – 1784) Last week I witnessed first hand the 2016 Republican National Convention in Cleveland, Ohio. As I observed the happenings within the Quicken Arena, the one theme that continued to pop up again and again, was  Make America Great Again .  Of course, that being ... (click for more)

Roy Exum: Jerika’s Last Dance

There is a horrifying disease called spinal muscular atrophy type 2 that you wouldn’t wish on your worst enemy. What happens is the nerve cells in a person’s brain stem and spinal cord slowly die and, without the ability to voluntarily control your muscles, your body withers away in one of the most painful ways you can imagine. Jerika Bolen, age 14, can’t stand it any longer, nor ... (click for more)