United States Fifth Circuit

The Texas Interest on Lawyers Trust Accounts program's confiscation of interest earned on client-funds deposited in demand accounts is a per se taking, even though without the cost-savings provided by the IOLTA program, client-funds would not earn "net" interest.

Appellate Information

• Decided 10/15/2001
• Published 10/15/2001

Judges

• RHESA HAWKINS BARKSDALE, Circuit Judge:, Before WIENER, BARKSDALE, and EMILIO M. GARZA, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• Richard Abbott Samp, Daniel J. Popeo, Washington Legal Foundation, Washington, DC, Charles Fried (argued), Cambridge, MA, for Washington Legal Foundation and Summers., Michael James Mazzone, Haynes & Boone, Houston, TX, pro se., Darrell E. Jordan, David John Schenck, Beth W. Bivans, Hughes & Luce, Dallas, TX, Robert Allen Long, Jr. (argued), Covington & Burling, Washington, DC, Richard A. Johnston, Francine Rosenzaeig, Hale & Dorr, Boston, MA, for Texas Equal Access to Justice and Tate., Stephen Plafker, The Ass'n for Objective Law, Culver City, CA, for The Ass'n for Objective Law (TAFOL), Amicus Curiae., Larry Parks, Long, Burner, Parks, McClellan, DeLargy, Austin, TX, for Independent Bankers Ass'n of Texas, Amicus Curiae., Harry M. Reasoner, Scott J. Atlas, D. Gibson Walton, Penelope E. Nicholson, Vinson & Elkins, Houston, TX, for State Bar of Texas, Amicus Curiae., Caroline Montrose Brown, Thomas W. Beimers, David B. Isbell, Covington & Burling, Washington, DC, for National Ass'n of IOLTA Programs, Amicus Curiae., Richard Adams Cordray, Grove City, OH, for Columbus Bar Ass'n, Akron Bar Ass'n, Cincinnati Bar Ass'n, Cleveland Bar Ass'n, Dayton Bar Ass'n, Toledo Bar Ass'n, Cuyahoga County Bar Ass'n, Stark County Bar Ass'n, The Legal Aid Societies of Columbus, Cincinnati, Cleveland, Dayton, Toledo, Northeast Ohio and Stark County, Ohio, Equal Justice Foundation, Children's Defense Fund-Ohio, Coalition on Homelessness and Housing in Ohio, Ohio Hunger Task, Ohio Council of Churches, Catholic Conference of Ohio, Ohio Domestic Violence Network, Pro Seniors, Advocates for Basic Legal Equality, Western Reserve Legal Services, Legal Services of Northwest Ohio, Western Ohio Legal Services Ass'n and Ohio State Legal Services Ass'n, Amicus Curiae., Collyn Ann Peddie, Weil, Gotshal & Manges, Houston, TX, for Conference of Chief Justices, Amicus Curiae., Nory Miller, Marc Goldman, Matthew Hersh, Jenner & Block, Washington, DC, for American Bar Ass'n, Amicus Curiae.


• For Appellees:
  
• Rande Kay Herrell, Asst. Atty. Gen., Gregory Scott Coleman (argued), Austin, TX, for Defendants-Appellees.