Claim of Sheffield Homes, Inc. v. Clients' Security Trust Fund
Claim of Sheffield Homes, Inc. v. Clients' Security Trust Fund
Opinion of the Court
ORDER
The Clients’ Security Trust Fund of the Bar of Maryland having been created and implemented pursuant to Maryland Code (1981 RepLVol.) Art. 10, § 43 and Maryland Rule 1228, for the purpose, as stated in the statute and in the rule, of “reimbursing ... losses caused by defalcations of Members of the Bar of the State of Maryland, acting either as attorneys or as fiduciaries (except to the extent to which they are bonded);” and
The Petitioner having made claim against The Clients’ Security Trust Fund in the amount of $23,500.00 for funds allegedly misappropriated by Attorney Michael S. West-berg; and
The claim having been denied by the Trustees of the Fund on March 5, 1987 on the ground that “there was no attorney-client relationship; but rather a business deal between the parties,” and the Petitioner having filed exceptions to that determination, as authorized by Maryland Rule 1228; and
A hearing having been held by this Court on June 1, 1987 on the Petitioner’s exceptions, and
The parties having subsequently agreed that the exceptions would be voluntarily dismissed on condition that the matter be reconsidered, with reasonable promptness, by The Trustees at a hearing to be held pursuant to Rule 16 of the Regulations of The Clients’ Security Trust Fund, which became effective on May 12, 1987.
Reference
- Full Case Name
- Claim of SHEFFIELD HOMES, INC. v. The CLIENTS' SECURITY TRUST FUND and Michael S. Westberg
- Status
- Published