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Home / News Stories / Trust manager sues for fees, gets hit for $13M (access required)

Trust manager sues for fees, gets hit for $13M (access required)

An investment manager who sued to get his fees from two trusts not only lost his case, he was hit for more than $13 million on a counterclaim. After a six-day trial, an Alexandria jury found plaintiff John R. Erb liable for breach of contract, breach of fiduciary duty and fraud in his handling of the ...