Nevada Ethics
Posted by Lawsuit Settlement Funding on Mar 14, 2011 in Ethics Law | 0 commentsCourt Case in Nevada
Achrem v. Expressway Plaza Ltd. Partneship, 112 NV 737, 937 P.2d 447 (1996)
Cited in : Balish v. Farnham, 92 Nev. 133, 546 P.2d 1297(1976)
” When a client assigns rights to the proceeds of a case or tort action to a
creditor, those proceeds no longer belong to the client. Accordingly, the
attorney is not obligated to pay those funds to his client. Even, if a
conflict had existed between the client’s interest and the third party
assignees interest, the attorney should have deposited the settlement
proceeds in a trust fund account and requested a court to direct the fund’s
distribution.”

