Carr v. Bankers Trust Co.
Supreme Court of Iowa
1Opinion of the Court
LARSON, Justice.
This is a suit for damages indirectly arising out of the loss of trust funds owned by various Iowa municipalities. The plaintiffs sued the trust custodian and the lawyers representing the trust, asserting theories of defamation and negligence in their handling of the fund. The district court granted the defendants’ motions for summary judgment, and we affirm.
The Iowa Trust was established in 1990 for the pooling and investing of surplus public funds. The treasurer of each participating municipality served as a member of a supervisory board, which annually elected trustees. The…
2Cases cited16 opinions
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- Garrison v. LouisianaSupreme Court of the United States · 1964
- Bertell Ollman v. Rowland Evans, Robert NovakCourt of Appeals for the D.C. Circuit · 1984
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