Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, September 27, 2005

Senator Frist Update

Continuing the blind trust discussion from earlier today ---

Senator Frist is reported as stating that:

he "acted properly" in selling stock in his family's hospital chain. * * * [and that]

his decision last summer to divest in Hospital Corporation of America, co-founded by his father, was meant to eliminate the appearance of a conflict of interest. He said he "had no information about HCA or its performance that was not publicly available."

See Andrea Stone, Frist denies wrongdoing in stock sale, USA Today, Sept. 27, 2005.


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