Museum Is “Qualified Beneficiary” of Trust And Has Standing to Sue Trustees for Breach Maine Court allows Museum to appeal order in which Trustees settled case with Attorney General Lead Stories
Attorney General Can’t Cy Pres Assets Of One Volunteer Fire Company to Another Pa. Court says AG can’t force transfer from an operating charity when it doesn’t prove the assets are held “in trust” Lead Stories
Directors Not Liable for Bad Decision In Rejecting Settlement of Lawsuit Ohio Court cites doctrine of litigation privilege, but disclaims ability to provide indemnification Lead Stories
Private Foundation Manager Convicted For Failing to Pay Tax on Self-Dealing Income Tax was imposed on payment of children’s scholarships even though manager had “corrected” some payments Lead Stories
Failure to Follow Corporate Practices Leads to Lengthy, Disruptive Litigation Putting name of new directors on Facebook page does not comport with required procedures for election Lead Stories