Payee notification passes VSB Council unanimously 
By Peter Vieth
Published: October 23, 2012
Tags: Clients' Protection Fund, General Assembly, Payee Notification, Supreme Court of Virginia News, Virginia State Bar, Virginia Trial Lawyers Association
ROANOKE – A plan to require insurance companies to notify clients of insurance claim payments made to their lawyers won unanimous approval from the Virginia State Bar council Oct. 19. The proposal had a tangled and contentious history. Approval came only after the Virginia Trial Lawyers Association accepted the version of payee notification hammered out [...]
VSB mulls higher cap on payments to victims of dishonest lawyers
By Peter Vieth
Published: July 23, 2012
Tags: Clients' Protection Fund, Virginia State Bar
Having just paid the second highest ever annual total for claims, the Virginia State Bar Clients’ Protection Fund is considering changes that would allow even larger payments to victims of dishonest lawyers. In the fiscal year ending June 30, the CPF paid $648,902 to 52 people or entities who claimed to have lost money through [...]
Clients’ Protection Fund had a very tough year
By Alan Cooper
Published: November 18, 2010
Tags: Clients' Protection Fund, Virginia State Bar
The Clients’ Protection Fund of the Virginia State Bar paid out almost $200,000 more last year than it received from the annual assessments paid by each active member. That development was as unexpected as it was unwelcome, since it came only two years after the enactment of the $25 assessment aimed at making the fund [...]
Payee notification bill is alive
By Alan Cooper
Published: March 2, 2010
Tags: Clients' Protection Fund, General Assembly, Virginia State Bar, Virginia Trial Lawyers Association
The Virginia State Bar asked Sen. Thomas K. Norment Jr. to carry its legislation, Senate Bill 511, that would have required insurance companies to notify the clients of attorneys when the insurers send the attorneys a check to settle a clients’ claim. The Virginia Trial Lawyers Association also had patrons for legislation that contained a [...]
Hassell: Put payee notice aside for now
By Alan Cooper
Published: January 25, 2010
Tags: Clients' Protection Fund, General Assembly, Payee Notification, Supreme Court of Virginia, Virginia State Bar, Virginia Trial Lawyers Association
Chief Justice Leroy Rountree Hassell Sr. has asked the Virginia State Bar and the Virginia Trial Lawyers Association to back off on payee notification legislation in this session of the General Assembly. Hassell told VSB Executive Director Karen A. Gould and her VTLA counterpart, Jack L. Harris, in a conference call that the request represented [...]
VSB pays claims on Conrad at just 22 cents on the dollar
By Peter Vieth
Published: January 25, 2010
Tags: Clients' Protection Fund, Virginia State Bar
Clients and others left hanging by the large-scale fraud of disbarred Woodbridge lawyer Stephen T. Conrad had to settle for scraps as claims were paid by the receivership for Conrad’s practice and by the Virginia State Bar’s Clients’ Protection Fund. Claims approved by the VSB were paid at an average rate of just 22 cents [...]
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