Phillips v. Washington Legal Foundation
- Case Date: 6/1/1998
- Project Name: Criminalization of Free Enterprise - Business Civil Liberties Program
On October 30, 2003, WLF voluntarily dismissed its challenge to the constitutionality of the Texas IOLTA (Interest on Lawyers' Trust Accounts) program, under which the state confiscates interest earned on client funds being held by attorneys. The dismissal marks the end of a lawsuit WLF filed in 1994 and which twice reached the United States Supreme Court. Although the IOLTA program continues, WLF won several significant victories that greatly strengthened the rights of property owners everywhere. WLF expects that as a result of those victories, IOLTA programs in Texas and elsewhere will begin withering away as lawyers begin to realize that it is their responsibility to use IOLTA accounts only as a last resort and that their primary responsibility is to act in their clients' best interests.
|Case voluntarily dismissed|
More Information and Downloads:
7/29/2002: Download the Brief
Litigation Update: Supreme Court Rejects Challenge To Confiscatory IOLTA Programs