Opinion ID: 775593
Heading Depth: 3
Heading Rank: 1

Heading: Appellant Brown

Text: 17 Appellant Allen Brown regularly purchases and sells real estate in the State of Washington. He knows of one transaction in which his escrow money was placed in an IOLTA account maintained at the Skagit State Bank. According to Brown, the $90,521.29 that he deposited with Land Title Company was placed in an IOLTA account for two days in April of 1997. He object[s] to anyone other than me taking the interest earned on my funds. He also object[s] to some of the activities engaged in by LFW and by those to whom LFW distributes IOLTA funds. Because Brown owned the principal that was placed in an IOLTA account, we conclude that the interest income earned on that principal is his property and therefore he has standing to challenge the IOLTA program. See Phillips, 524 U.S. at 172.