SETTLEMENT FUNDS WHEN A THIRD PARTY LIEN OR CLAIM …
LEO 1865 Page 2 client.1 As Comment 4 states, a third party must have a valid claim to an interest in the specific funds held by the lawyer. In the absence of a valid third party interest in the funds, the lawyer owes no duty to a creditor of the client and must act in the best interests of the client.2 The mere assertion of an unsecured claim by a creditor does not create an “interest” in ... ................
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