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IOLTA

Apr 15, 2026

Civil practice – Settlement – IOLTA committee

Where the Massachusetts IOLTA Committee was not provided with notice of a class-action settlement until more than two years after the settlement's final approval in Superior Court, the committee suffered no prejudice, as the record provides no basis to conclude that earlier notice would have altered the outcome.

Apr 14, 2026

Settlement valid despite untimely notice to IOLTA committee

The Supreme Judicial Court ruled that a settlement is valid despite the IOLTA Committee receiving untimely notice and upheld the final judgment.

The defendant landlord’s former apartment complex in Salem
Jun 23, 2025

IOLTA Committee claims collusion in class action

Supreme Judicial Court examines IOLTA's role in class action settlement over landlord fees and potential improper reversion of residual funds to defendants.

Edward S. Cheng and Eyal Schwartz
Feb 28, 2025

Beware of Rule 1.15: banks are dropping a dime on you

If you have an inactive IOLTA account, you may soon be receiving unwelcome mail from your bank. 

Oct 1, 2020

IOLTA Committee wins battle over ‘unidentified’ client funds

Nearly $30,000 in unidentified client funds held by a disbarred lawyer do not qualify as “abandoned property” to be remitted to the state treasurer, but instead are subject to disposition […]

Jul 15, 2011

Attorneys – Suspension – Stay – IOLTA

Where a single justice found that a lawyer should be publicly reprimanded, the appropriate discipline is instead a six-month suspension that will be stayed for a one-year probationary period.

Apr 13, 2011

Bank stops charging wire fees on IOLTA accounts

Brookline Bank will no longer charge customers for wire transfers to and from their IOLTA checking accounts, joining a small number of local banks that have dropped such fees. Other […]

Dec 30, 2010

IOLTA protection extended into 2011

The U.S. Senate has passed by unanimous vote a bill extending FDIC unlimited coverage for Interest on Lawyer Trust Accounts. The bill was previously passed by the House and now […]

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