Matter of Murphy

OPINION

ZLAKET, Chief Justice.

This disciplinary proceeding arises out of a commercial transaction in which respondent was both an investor and the attorney for other investors. Concluding that he breached ethical duties owed to the investment’s promoters, who were also clients of his law firm, a hearing committee recommended that respondent be suspended for at least two years. One committee member urged disbarment. The disciplinary commission rejected many of the committee’s factual findings, proposing instead a one-year suspension. Both the state bar and respondent appeal. We have…