Do Settlement Admins,lien Processors,lawyers Pay Interest

[clientsprotection]

My question involves an injury that occurred in the state of: MDL involves multiple states

do settlement admins,lien processors,lawyers have to pay interest on holding settlements.

[Taxing Matters]

My question involves an injury that occurred in the state of: MDL involves multiple states

do settlement admins,lien processors,lawyers have to pay interest on holding settlements.

There is no standard definition for what a "settlement admin" does and the term "lien processor" does not suggest a person who would hold any settlement funds. As for whether a lawyer must pay interest on settlement proceeds depends on the applicable law, the details of the case and the attorney's involvement with the funds, and perhaps the fee agreement the attorney has with his/her client.

[clientsprotection]

Settling a mass dispute requires a large amount of coordination. With settlement administration you receive funds released by the defendant, you can process claims, issue releases, coordinate lien resolution, and facilitate payments across all parties.

also called
PRE-RESOLUTION ADMINISTRATION

also called
PRE-RESOLUTION ADMINISTRATION

[pg1067]

do settlement admins,lien processors,lawyers have to pay interest on holding settlements.

It would be helpful if you wrote in more clear, full sentences. Your question is unanswerable because of the dearth of relevant factual information. Note that your follow-up post doesn't help at all.

For starters, please define the terms "settlement admins" and "lien processors."

Second, what does "pay interest on holding settlements" mean. Describe the context that gives rise to your question.

Third, the applicable state or federal law matters. What did you mean when you wrote, "MDL involves multiple states."

Fourth, the answer will also depend on the terms of any relevant contracts and court orders.