Successfully Obtained Settlement for Large Northeast Ohio Foundation
July 24, 2011
During the course of a bench trial in the United States District Court, Northern District of Ohio, Steve Kaufman, as lead trial counsel, successfully obtained a significant settlement for a trustee of a large Northeast Ohio foundation in claims of breach of fiduciary duty against co-trustees of the foundation. The case arose out of the sale of a public company that controlled the foundation and in which the foundation held significant shares. In part, the claims challenged the spin-off of the control of the foundation to lifetime control of some of the defendant fiduciaries.