Trusts and Estates > Fiduciary Professions > A Dumont-like Horror

A Dumont-like Horror

Mar 1, 2007 12:00 PM, By John T. Brooks, partner, Foley & Lardner, Chicago, and Rorie M. Sherman, editor in chief, Trusts

By: By John T. Brooks, partner, Foley & Lardner, Chicago, and Rorie M. Sherman, editor in chief, Trusts

Stock concentration cases against fiduciaries just keep getting scarier.

The latest fright comes from Hamilton County, Ohio. If the New York case of Dumontsent chills down advisors' spines, Ohio's Fifth Third Bank v. Firstar Bank, No. C-050518 (Sept. 1, 2006), should give them nightmares.

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Trusts & Estates is the town center where experts who serve the planning needs of the ultra-wealthy gather to gain insight into their specialties and to learn about related professions. Community members include estate-planning lawyers, corporate and individual trustees, financial planners, accountants, investment advisors, charitable giving specialists, family office executives, insurance agents, valuation experts and the like....More about us

Rorie Sherman, Editor in Chief

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