Legal Opinion
Phillips Exeter Academy v. Howard Phillips Fund, Inc.
Court of Appeals for the First Circuit
Decided November 19, 1999No. 99-1254PublishedCited by 366 opinions
1Opinion of the Court
SELYA, Circuit Judge.
This appeal presents a jurisdictional tangle. The seeds for the underlying litigation were sown when the late Howard Phillips (Phillips or the testator) bequeathed all the stock in a profitable Florida-based real estate development company, Dr. Phillips, Inc. (the Company), to the Howard Phillips Fund (the Fund), upon the condition that the Fund share the profits with Phillips Exeter Academy (Exeter), a private secondary school located in New Hampshire. Over time, Exeter concluded that the Company and the Fund had short-shifted it. When a disenchanted Exeter subsequently…
2Cases cited25 opinions
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3Cited by366 opinions
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