Hamilton v. Mercantile Bank of Cedar Rapids

NEUMAN, Justice.

These appeals involve a trust department’s blatant breach of its fiduciary duties to the beneficiary of a trust established under the will of Julie McDaniel Hamilton. The trustee, Mercantile Bank, concedes mismanagement but disputes the amount of damages awarded by the jury, both compensatory and punitive. Contin gent remaindermen, dismissed from the suit on summary judgment before trial, contest the court’s ruling that they have no standing to bring an action for waste. Finding no error warranting reversal in either case, we affirm on both appeals.

I. Background.

A. Facts. A…