Barash v. Northern Trust Corp.

In an action to recover damages for fraud based on alleged mismanagement and waste, the plaintiffs appeal from an order of the Supreme Court, Nassau County (Feinman, J), dated September 15, 2006, which granted the defendant’s motion to dismiss the complaint on the ground of res judicata.

Ordered that the order is affirmed, with costs.

The Northern Trust Bank of Florida, N.A. (hereinafter Northern Florida), a subsidiary of the defendant, Northern Trust Corporation (hereinafter Northern Trust), was appointed the sole trustee of a testamentary trust (hereinafter the Trust), created under the will…