Legal Opinion
In Re the Trusts: Created by Hormel
Court of Appeals of Minnesota
Decided February 6, 1996No. C4-95-1298PublishedCited by 2 opinions
1Opinion of the Court
OPINION
LANSING, Judge.
The income beneficiaries of twelve trusts assert that the trustee violated its fiduciary duties by failing to diversify the trusts’ assets. The district court dismissed the petition and the income beneficiaries appeal. We affirm the dismissal because identical claims were raised and conclusively determined in a previous proceeding for court approval of the trustee’s accounting and administration of the trusts.
FACTS
George Hormel, the founder of George A. Hormel & Co. (GAH & Co.), and his son Jay Hormel created the twelve trusts at issue. He also established the…
2Cases cited14 opinions
- Hauser v. MealeySupreme Court of Minnesota · 1978
- Elzie v. Commissioner of Public SafetySupreme Court of Minnesota · 1980
- Youngstown Mines Corp. v. ProutSupreme Court of Minnesota · 1963
- In Re Trust Created by Will of EngerSupreme Court of Minnesota · 1948
- Beutz v. A.O. Smith Harvestore Products, Inc.Supreme Court of Minnesota · 1988
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3Cited by2 opinions
- In Re Estate of HandyCourt of Appeals of Minnesota · 2003
- Michels v. KozitzaCourt of Appeals of Minnesota · 2000