PHILLIPS et al.
v.
WASHINGTON LEGAL FOUNDATION et al.
Supreme Court of United States.https://leagle.com/images/logo.png
Argued January 13, 1998.
Decided June 15, 1998.
Attorney(s) appearing for the Case
Darrell E. Jordan argued the cause for petitioners. With him on the briefs were Brittan L. Buchanan, David J. Schenck, and Nancy Trease.
Deputy Solicitor General Kneedler argued the cause for the United States as amicus curiae urging reversal. With him on the briefs were Acting Solicitor General Dellinger, Assistant Attorneys General Hunger and Schiffer, Patricia A. Millett, Robert Klarquist, and Timothy Dowling.
Richard A. Samp argued the cause for respondents. With him on the brief were Daniel J. Popeo, Donald B. Ayer, Thomas M. Fisher, and Michael J. Mazzone.*
Rehnquist, C. J., delivered the opinion of the Court, in which o'Connor, Scalia, Kennedy, and Thomas, JJ., joined. Souter, J., filed a dissenting opinion, in which Stevens, Ginsburg, and Breyer, JJ., joined, p. 172. Breyer, J., filed a dissenting opinion, in which Stevens, Souter, and Ginsburg, JJ., joined, p. 179.
Supreme Court of United States.
Chief Justice Rehnquist delivered the opinion of the Court.
Texas, like 48 other States and the District of Columbia,1 has adopted an Interest on Lawyers Trust Account (IOLTA) program. Under these programs, certain client funds held by an attorney in connection with his practice of law are deposited in bank accounts. The interest income generated by the...
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