People of State of Cal. v. Larkin

MEMORANDUM AND ORDER

PECKHAM, Chief Judge.

This is an action by the California Attorney General to enforce the provisions of a charitable trust. Named as defendants are Kay Foundation, the charitable trust; Wallace Keith Larkin and Cynthia Larkin (“Larkins”), trustees of Kay Foundation; Larkin Aircraft Corporation, a closely-held corporation owned by Wallace Keith Larkin; Wells Fargo Bank, National Association (“Bank”); and the Small Business Administration and Thomas S. Kleppe, its Administrator (“Federal defendants”). We are called upon in this case to define the fiduciary obligations of…