NOTICE OF SUSPENSION WITH CONDITIONS (By Consent)
Case No. 04-67-GA Notice Issued: December 3, 2004 Philip I. Reznik, P 40277, Ferndale, Michigan, by the Attorney Discipline Board Tri-County Hearing Panel #64.
1. Suspension - 90 Days 2. Effective December 3, 2004 The respondent and the Grievance Administrator filed a stipulation for a consent order of discipline containing respondent=s plea of no contest to the allegations that, in one
personal injury matter, he commingled his share of settlement proceeds with his client=s share of the settlement proceeds by
maintaining his share in his IOLTA account; failed to comply with the Grievance Administrator=s subpoena for production of his sworn
testimony and records relating to his holding of his client=s settlement funds; and failed to maintain a copy of his IOLTA account records showing the deposit and holding of his client=s
settlement funds for a period of five years after the termination of the representation. In a second personal injury matter; respondent pled no contest to the allegations that he caused the settlement documents to be notarized without his notary/secretary witnessing the signature.
Respondent was charged with violations of MCR 9.104(A)(1)-(4); and Michigan Rules of Professional Conduct 1.15(a); 8.1(a)(2); and 8.4(a)-(c). The parties agreed that respondent should be suspended for 90 days and be subject to conditions relevant to the alleged misconduct. Costs were assessed in the amount of $805.66.