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Trust must pay lawyer fees to bank (access required)

A bank that won a lawsuit alleging mismanagement of trust funds can collect over $825,000 in attorney’s fees and costs from that same trust, a Richmond U.S. District Court has ruled in W.A.K. II v. Wachovia Bank. N.A. (VLW 010-3-414). The dispute involved a trust set up by Rosalie Schwarzschild Karo for the benefit of her ...

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