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Home / Opinion Digests / Wills & Trusts – Prudent Investor Rule – Waiver – Attorney’s Fees (access required)

Wills & Trusts – Prudent Investor Rule – Waiver – Attorney’s Fees (access required)

After awarding summary judgment to defendant bank on a son’s claims against the bank for its retention of bank stock in a family trust set up by his mother, due to waivers of the duty of prudence in Letters of Retention, a Richmond U.S. District Court awards the bank attorney’s fees of $744,210 and costs ...

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