Legal Opinion
Phillips v. Washington Legal Foundation
Supreme Court of the United States
Decided June 15, 1998No. 96-1578PublishedCited by 467 opinions
1Opinion of the CourtChief Justice Rehnquist
Texas, like 48 other States and the District of Columbia,1 has adopted an Interest on Lawyers Trust Account *160(IOLTA) program. Under these programs, certain client funds held by an attorney in connection with his practice of law are deposited in bank accounts. The interest income generated by the funds is paid to foundations that finance legal services for low-income individuals. The question presented by this case is whether interest earned on client funds held in IOLTA accounts is “private property” of either the client or the attorney for purposes of the Takings Clause of the Fifth…
2Cases cited36 opinions
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- Board of Regents of State Colleges v. RothSupreme Court of the United States · 1972
- Lucas v. South Carolina Coastal CouncilSupreme Court of the United States · 1992
- Loretto v. Teleprompter Manhattan CATV Corp.Supreme Court of the United States · 1982
- Chicago, Burlington & Quincy Railroad v. ChicagoSupreme Court of the United States · 1897
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3Cited by467 opinions
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- Palazzolo v. Rhode IslandSupreme Court of the United States · 2001
- Pappas v. City of LebanonDistrict Court, M.D. Pennsylvania · 2004
- Goldstein v. PatakiCourt of Appeals for the Second Circuit · 2008
- Koontz v. St. Johns River Water Management Dist.Supreme Court of the United States · 2013
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