New York Court of Appeals
In the Matter of the Accounting of the Bank of New York, as Trustee of Discretionary Common Trust Fund " E ", M…
December 20, 197435 N.Y.2d 512
Summary
The New York Court of Appeals affirmed the Appellate Division’s summary‑judgment dismissal of a guardian ad litem’s objections to four investments made by the Bank of New York as trustee of a discretionary common trust fund, holding that no factual dispute existed and the trustee was not liable for imprudence on any of the investments.