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To: longtermmemmory

If I'm not mistaken, I remember a group of lawyers who either did challenge or were going to challenge the constitutionality of IOTA accounts on free speech grounds, I think.

Anyone know how that turned out?


39 posted on 08/08/2005 8:00:58 AM PDT by Publius Valerius
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To: Publius Valerius

The IOLTA case was actually successful HOWEVER, FL's IOTA accounts are set up differently and so it did not apply.

Keep in mind the only thing the elimination of IOTA does, it means attorneys will go back to interest clauses in their retainers.

To the individual client we are talking about PENNIES. literally.

For big amounts seperate escrow accounts are set up which provide interest to the client.


41 posted on 08/08/2005 8:12:45 AM PDT by longtermmemmory (VOTE!)
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