Preview:

SUPREME COURT OF LOUISIANA

No. 96-B-1379
IN RE: DAVID L. LEVINGSTON
DISCIPLINARY PROCEEDING

PER CURIAM*
This is a disciplinary proceeding against respondent, David L. Levingston, for violations of the Rules of Professional Conduct arising from his conduct as the executor and the attorney for the estate and the executor of the Succession of Louella B. Lewis, respondent's great aunt, as well as the trustee and attorney for the trust created by the decedent's will.  Disciplinary Counsel commenced this proceeding upon the complaint of the trust beneficiaries, who had filed a civil action seeking to have respondent removed as trustee.
The trust under respondent's administration sustained losses of over $150,000.1 Respondent made secured and unsecured loans with trust funds in excess of $300,000 to his relatives, employees, business associates and friends, many of whom failed to repay the loans.2   He also utilized trust funds to engage in speculative investments with business associates and friends, and he pledged trust assets to secure certain obligations of a business associate.
Respondent admitted he commingled trust funds with his own assets and the assets of his mother.  Respondent's use of his own tax identification number on a bank
*Victory, J., not on panel. Rule IV, Part 2,

Download 96B1379.pc.pdf

Louisiana Law