Regions Bank v. Ernest Kramer

Regions Bank, in its fiduciary capacity as trustee or cotrustee of various trusts, Delores Ancell, and David Puckett filed two permissive appeals, pursuant to Rule 5, Ala. R. App. P., to challenge the Jefferson Circuit Court's orders denying the trustees' motions to dismiss in part Ernest Kramer's and Kenyon R. Kirkland's complaints filed against the trustees. In his complaint, Kramer alleged that the trustees' management of the assets held by the Kramer revocable trust constituted a breach of fiduciary duty, negligence, wantonness, breach of contract, fraud, reckless misrepresentation, negligent misrepresentation, suppression, violation of the Alabama Securities Act. Finding that the trustees failed to support their argument with relevant legal authority, the Supreme Court affirmed the trial court's orders. View "Regions Bank v. Ernest Kramer " on Justia Law