A New York appeals court has suspended a Manhattan lawyer for three months because he took a $50,000 interest-free loan from a former client. The Appellate Department, First Division, said lawyer John Ioanno took "advantage of the trust and gratitude of a former client" after helping him secure a $4.5 million settlement in a personal injury case. Thomson Reuters News & Insight and the Legal Profession Blog report on the Nov. 10 decision. The loan, which was never reduced to writing, had no due date, no interest and no collateral. The court said Ioanno had violated the ethics…
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