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Case Citations [1] (July 2017 through August 2018)

handle is hein.ali/relat1018 and id is 1 raw text is: TRUSTS Generally C.A.7, 2018. Cit. generally in sup. In an action brought by trustee and trust beneficiary against financial advisor retained by a co-trustee and co-beneficiary, this court affirmed the district court's grant of defendant's motion for summary judgment, holding that plaintiff was precluded from suing in his capacity as trustee without consent from the majority of trustees, and, as a trust beneficiary, plaintiff could bring suit on behalf of the trust against a third party only where the trustees had breached a fiduciary obligation by not joining the suit, which plaintiff did not allege. The court noted that there was no choice-of-law issue that would be outcome-determinative, because both Illinois and South Dakota followed the Restatement of Trusts. Doermer v. Oxford Financial Group, Ltd., 884 F.3d 643, 648. ALI For earlier citations, see the Appendices, Supplements, or Pocket Parts, if any, that correspond to the subject matter under examination.