Wilmington Belief Beats $19.5M Beneficiary Go well with After Trial
Law360 (February 25, 2021, 10:03 PM EST) — Wilmington Trust Co. beat all claims Thursday lodged against it by a trustee and a California woman who originally alleged as much as $19.5 million in damages through breaches of trust, fraud, elder abuse and investment adviser rule violations.
U.S. District Judge Colm F. Connolly dismissed all remaining claims against the business after a four-day trial in February 2020, rejecting allegations by Premier Trust Inc., trustee of the Roen Trust, and trust beneficiary Frieda Mae Rogers that the financial institution was liable for the losses.
Rogers sued in March 2017, accusing Wilmington Trust of investing the funds of the Frieda M….
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