Robertson v. Central Jersey Bank & Trust Co.

OPINION OF THE COURT

HUTCHINSON, Circuit Judge.

Appellant, Melissa L. Robertson (“Robertson” or “Beneficiary”), appeals an order of the United States District Court for the Dis trict of New Jersey granting summary judgment to appellee, The Central Jersey Bank and Trust Company (“Bank” or “Trustee”). Robertson is the beneficiary of a testamentary trust that names the Bank as trustee. She asserts that the district court erred, in holding that a will provision authorizing the Bank to retain its own stock protected it from liability for failure to diversify trust assets when she failed to show that…