NOTICE OF SUSPENSION AND RESTITUTION (By Consent)
Case No. 03-73-GA Notice Issued: July 9, 2003 George E. Jacobs, P 36888, Bay City, Michigan, by the Attorney Discipline Board Bay County Hearing Panel.
1. Suspension - 30 days; 2. Effective July 1, 2003. The respondent and the Grievance Administrator filed a stipulation for a consent order of discipline, in accordance with MCR 9.115(F)(5), containing respondent=s plea of no contest to the allegations that he continued to handle a NASD claim although he knew he was not competent to handle the matter and did not associate with a lawyer who was competent to handle it; told his client=s financial advisor that the NASD claim had been filed although he knew it had not been filed; and failed to advise his clients that the statute of limitations had expired without the claim having been filed.
Respondent was charged with violations of MCR 9.104(A)(1)-(4); and Michigan Rules of Professional Conduct 1.1(a) and (c); 1.4(b); 4.1 and 8.4(a) and (c). The parties agreed that respondent=s license to practice law in Michigan should be suspended for 30 days beginning July 1, 2003. Costs were assessed in the amount of $864.38.