Friday, July 30, 2010
Palumbo’s children’s latest claim alleges that Palumbo has been lying about missing trust property which he actually sold and used the proceeds for himself. His children claim the original trust agreement does not give Palumbo the right to dispose of the items. They want him removed as trustee and to conduct an accounting of the trust assets.
See Mark Hollingsworth and Caroline Davies, Palumbo Children Accuse Father of Extravagance as Family Feud Resumes, guardian.co.uk, July 27, 2010.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this to my attention.