A proposal to amend one of the comments to Rule 1.15 regarding safeguarding property of third parties was published May 14, 2016, at 46 Pa.B. 2407. Under the current language, the comment states that a lawyer must hold third-party funds intact when “the third party claim is not frivolous under applicable law.” The revised comment would eliminate that language and require that a lawyer keep the funds whenever “a letter of protection has been issued by an attorney or a lien on the funds exists under applicable law.” The revised comment requires a greater degree of diligence in maintaining third-party funds until their ownership is determined.
News & Events
Subrogation Blog Post
-
Medicare Secondary Payer (MSP) NGHP Reporting Entities CMS Update Alert
By Brendan Laffey, June 24, 2020 -
CMS finalizes Workers Comp Set aside regulations
By Michael Laffey, May 15, 2020 -
Medicaid TPL Rights Postponed
By Michael Laffey, February 15, 2018