The Bench & Bar magazine is published to provide members of the KBA with information that will increase their knowledge of the law, improve the practice of law, and assist in improving the quality of legal services for the citizenry.
Issue link: https://kentuckybenchandbar.epubxp.com/i/382597
36 B&B; • 9.14 B A R N E W S KENTUCKY CLIENTS' SECURITY FUND The Kentucky Clients' Security Fund (CSF) was established by the Supreme Court of Ken- tucky (Rule 3.820) to be administered by the Kentucky Bar Association. It is funded by the Bar dues of the lawyers of Kentucky to reimburse clients for losses caused by their attorney's dishonest conduct, defined as the wrongful taking of clients' money or other property or fail- ure or inability to return unearned fees. The amount of $7.00 per lawyer, $6.00 per member of the judiciary, is allocated from member dues by the Kentucky Supreme Court for this Fund. The CSF does not consider losses resulting from negligence, nor does it consider con- sequential damages. There are caps on recovery. In the fiscal years 2005-2006 through 2013-2014 the CSF has paid $1,598,364.16 to victims. The CSF provides a last-resort avenue for client victims who are unable to get reimburse- ment for their losses from the responsible lawyer, or from insurance or other sources. There is no charge to the client for this process. The Rule prohibits lawyers from being compensat- ed for assistance in a claim. Claims are reviewed by a Board of Trustees appointed by the Board of Governors of the Kentucky Bar Association. These five (5) Trustees consist of three lawyers and two lay mem- bers who perform their duties as a public service and receive no compensation. CSF Payments in Fiscal Year 2013-2014 Attorneys Whose Clients Suffered Losses* Total Paid Number of Clients Reimbursed Chandler, Samuel P. Whitesburg, KY $300.00 1 Gilfedder, Brian Lexington, KY $59,999.33 3 James, Daniel W. Lexington, KY $151.00 1 Mayer, Edward A. Louisville, KY $50,000.00 1 McClintock, Rocky Georgetown, KY $7,650.00 3 Megibow, Tod D. Paducah, KY $21,850.00 4 Morehead, Donald H. Louisville, KY $12,000.00 3 Nisbet, IV, William A. Madisonville, KY $1,000.00 1 Reinhart, III, Louis E. La Grange, KY $10,833.34 2 Reynolds, Ronnie Williamsburg, KY $2,500.00 1 Robertson, Daniel K. Hawesville, KY $2,500.00 1 (* Additional claims have been approved by the CSF that are in the process of being distrib- uted and not included in the above list.) Further information regarding the CSF can be found on the Kentucky Bar Association web- site, www.kybar.org under the Ethics menu. JANET A. LEWIS NAMED WINNING AUTHOR OF THE 2014 KBA STUDENT WRITING COMPETITION Congratulations to Janet A. Lewis , the win- ning author of the 2014 KBA Stu- dent Writing Compeitition! Lewis is a third- year law student attending the Uni- versity of Louisville's Louis D. Brandeis School of Law. She is from Columbus, Ohio, and attended Capital Uni- versity for her undergraduate studies. Lewis is currently president of the International Law Society and a Greenbaum Human Rights fel- low. She plans to practice immigration and international criminal law. Your KBA member kynect resource. Let's talk now. CALL OR EMAIL TODAY 877-334-1582 Dkkatz@niai.com www.NIAI.com/KBA