James Thompson, III, mishandled client funds and allowed non-attorney staff to prepare documents and write checks for closings, resulting in irregularities which harmed clients. These irregularities resulted in clients’ failure to collect earnest money deposits, unreasonable closing costs to client, which Thompson could not explain, and inaccurate reflection of ledgers. He also used trust account funds for personal affairs, but when he realized shortfalls in his trust account, he properly took measures to remedy the problems. After a hearing of the North Carolina State Bar, Thompson’s law license was suspended for three years.
View the full disciplinary order here.