Skip navigation

Dumont Reversed

It's the latest ruling in a series of New York decisions on trustee liability for improper retention of concentrated stock positions known, collectively, as the Kodak-IBM cases: On Feb. 3, an appellate court reversed the famous Dumont ruling that had awarded more than $24 million against JP Morgan Chase for holding onto Kodak stock.1 Unanimously, a five-judge panel of the Appellate Division of New
Resources

It's the latest ruling in a series of New York decisions on trustee liability for improper retention of concentrated stock positions — known, collectively, as the Kodak-IBM cases: On Feb. 3, an appellate court reversed the famous Dumont ruling that had awarded more than $24 million against JP Morgan Chase for holding onto Kodak stock.1

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.


If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.


Questions about your account or how to access content?


Contact: [email protected]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish