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DENNIS v. R.I. HOSP. TRUST NAT. BANK

Nos. 84-1084, 84-1149.

744 F.2d 893 (1984)

Robert B. DENNIS, etc., et al., Plaintiffs, Appellees, v. RHODE ISLAND HOSPITAL TRUST NATIONAL BANK, Defendant, Appellant. Robert B. DENNIS, etc., et al., Plaintiffs, Appellants, v. RHODE ISLAND HOSPITAL TRUST NATIONAL BANK, Defendant, Appellee.

United States Court of Appeals, First Circuit.

Decided September 28, 1984.

Attorney(s) appearing for the Case

John L. Warden, New York City, with whom Robert J. Lack, Richard E. Simpson, Sullivan & Cromwell, Edwin H. Hastings, Edward J. Regan, Peter J. McGinn, and Tillinghast, Collins & Graham, Providence, R.I., were on brief, for Rhode Island Hospital Trust Nat. Bank.

Gerard A. Dupuis, New York City, with whom Barbara T. Barrantes, New York City, Peter J. McNamara, Baltimore, Md., Paul P. Baillargeon, Woonsocket, R.I., and Ober, Kaler, Grimes & Shriver, New York City, were on brief, for Robert B. Dennis, etc., et al.

Before COFFIN and BREYER, Circuit Judges, and DOYLE, Senior District Judge.

BREYER, Circuit Judge.

The plaintiffs are the great-grandchildren of Alice M. Sullivan and beneficiaries of a trust created under her will. They claimed in the district court that the Bank trustee had breached various fiduciary obligations owed them as beneficiaries of that trust. The trust came into existence in 1920. It will cease to exist in 1991 (twenty-one years after the 1970 death of Alice Sullivan's last surviving child). The trust distributes all its income...

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