Legal Opinion
Matter of Trusts Created by Hormel
Court of Appeals of Minnesota
Decided August 10, 1993No. CX-93-281, CX-93-426PublishedCited by 19 opinions
1Opinion of the Court
OPINION
WILLIAM J. FLEMING, Acting Judge. *
Trustee Hormel Foundation appeals a district court order instructing it to partially diversify trust assets despite a finding that the Foundation breached no fiduciary duties and did not abuse its discretion in managing the trust. We affirm the district court’s finding of no breach or abuse of discretion but reverse its instruction to diversify trust assets.
FACTS
The twelve trusts at issue in this litigation were established by George Hormel, the founder of Geo. A. Hormel & Co. (GAH & Co.) based in Austin, and by his son, Jay. Appellant Hormel…
2Cases cited13 opinions
- Montana v. United StatesSupreme Court of the United States · 1979
- United States v. Stauffer Chemical Co.Supreme Court of the United States · 1984
- United States v. MoserSupreme Court of the United States · 1924
- Ellis v. Minneapolis Commission on Civil RightsSupreme Court of Minnesota · 1982
- Hauser v. MealeySupreme Court of Minnesota · 1978
8 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Teaching License of Falgren v. State, Board of TeachingSupreme Court of Minnesota · 1996
- Collins v. Miller & Miller, Ltd.Court of Appeals of Arizona · 1996
- G.A.W. v. D.M.W.Court of Appeals of Minnesota · 1999
- In Re the Trusteeship of the Trust of WilliamsCourt of Appeals of Minnesota · 2001
- Curtis v. Altria Group, Inc.Court of Appeals of Minnesota · 2010
14 more not listed; retrieve them via the Exa API.