ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Schuchardt Petitions Tennessee Supreme Court to Modify Financing for Board of Professional Responsibility

Nashville-davidson, Tennessee, United States - 03-02-2023 (PR Distribution™) -

Tennessee attorney, Elliott J. Schuchardt, has asked the Tennessee Supreme Court to modify its method of funding the Tennessee Board of Professional Responsibility. 

In the petition, Schuchardt argues that Tennessee's method of funding the Board is unconstitutional because the State imposes large "costs" upon attorneys seeking to defend their licenses to practice law in Tennessee.  In Schuchardt's case, the Board has asked Schuchardt to pay at least $22,000 for the right to defend his license to practice law.  Ultimately, these costs could be much higher. 

Schuchardt argues that Tennessee's current method of funding the Board violates the due process clause of the 14th Amendment because the exorbitant fees essentially "close the courthouse door" to good faith litigants.  He also argues that Tennessee's high fees violate the Excessive Fines Clause of the Tennessee and United States constitutions.  According to the Petition, virtually no other State allows large fines for attorney disciplinary matters.  Instead, costs are generally capped at no more than $2,000.  This allows the respondent attorney to make a good faith defense. 

In the petition, Schuchardt says that the Board is filing serial petitions against his license to practice law, to generate large fees for the benefit of the Board's lawyers.  Schuchardt has filed a separate lawsuit in federal court in Nashville, alleging harassment and political retaliation by the Board. 

Tennessee's Supreme Court will now review the petition.  Schuchardt will have the right to ask the United States Supreme Court to review the State's decision.

Schuchardt is a 1993 graduate of Columbia Law School, located in New York. For the first ten years of his practice, Schuchardt worked with large law firms in New York, Washington, D.C. and Philadelphia. 

Schuchardt has spent much of the last ten years engaging in civil liberties work in the courts.  In 2015, he obtained an injunction that prevented Sweet Briar College -- a women's college located in Amherst, Virginia -- from permanently closing its doors.  Schuchardt has also sued the federal government, alleging unlawful collection of e-mail.

CONTACT:

Elliott J. Schuchardt
8033 Ellisville Lane
Knoxville, TN 37909
Phone:  (865) 304-4374
E-mail:  elliott016@gmail.com

                                                                         #   #   #

Media Contacts:

Company Name: Elliott J. Schuchardt
Full Name: Elliott J Schuchardt
Phone: (865) 304-4374
Email Address: Send Email
Website: http://www.knoxbar.org

For the original news story, please visit https://www.prdistribution.com/news/schuchardt-petitions-tennessee-supreme-court-to-modify-financing-for-board-of-professional-responsibility/9568229.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.