Thursday, September 19, 2013
Kathryn Mennen, George Mennen's grand daughter, stated that Wilmington Trust did not take any mitigating action when the co-trustee and her uncle, "wrongly dissipated" the trust assets through investments in a floundering business. The case is currently in discovery.
See Bloomberg News, Wilmington Trust Sued by Mennen Heirs Seeking $100M, American Banker, Sep. 11, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.