Jefferson National Bank of Miami Beach v. Central National Bank in Chicago

COFFEY, Circuit Judge.

This diversity action was brought by the corporate Personal Representative of the Estate of Philip Litner, Jefferson National Bank of Miami Beach, for the benefit of the beneficiaries under the decedent’s will. The Personal Representative claims that the defendant corporate Trustee, “Central National Bank in Chicago,” breached the fiduciary duty it owed to Mr. Philip Litner by failing to act prudently and conscientiously with the best interest of Philip paramount during the entire period the defendant acted as Trustee of the decedent’s revocable inter vivos trust. The…