Newton v. Old-Merchants National Bank & Trust Co.

Plaintiff is the daughter of Cora S. Way, deceased. She is also the possessor of the residuary or remainderman rights in the Cora Way trust involved in this suit. By this action plaintiff seeks cancellation of a trust agreement entered into between Mrs. Way and the Old-Merchants National Bank & Trust Company of Battle Creek and cancellation of a release given to the trustee, and an accounting for losses sustained incident to the trust. The grounds upon which plaintiff asserts right to the relief sought are that (1) the trustee failed to diversify investments of the trust fund, (2) the trustee…