Audoire v. Clients' Security Board

As we discussed in Indeck v. Clients’ Sec. Bd., ante 379, 379 (2008), the purpose of the Clients’ Security Fund (Fund) is to “discharge, as far as practicable and in a reasonable manner, the collective professional responsibility of the members of the Massachusetts bar with respect to losses caused to the public by defalcation of members of the bar, acting either as attorneys or as fiduciaries.” S.J.C. Rule 4:04, as amended, 428 Mass. 1302 (1998). The responsibility for effectuating this *389purpose rests with the Clients’ Security Board (board), which has substantial discretion in determining…