MCNEIL v. BENNETT

Civ.A. No. 15875.

792 A.2d 190 (2001)

Henry Slack McNEIL, Jr., Plaintiff, v. John C. BENNETT, Jr., Charles E. Mather, III, Shaun F. O'Malley, PNC Bank, N.A., and Wilmington Trust Company, as Trustees U/A with Henry Slack McNeil dated January 2, 1959, Barbara McNeil Jordan, Marjorie McNeil Findlay, and Robert Douglas McNeil, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: July 6, 2001.

Revised: November 8, 2001.


Attorney(s) appearing for the Case

James M. Mulligan, Jr., Collins J. Seitz, Jr., and Samuel D. Brickley II, of Connolly Bove Lodge & Hutz, Wilmington; Lawrence T. Hoyle, Jr., R. David Walk, Jr., and Elliot C. Fertik, of Hoyle, Morris & Kerr, Philadelphia, Pennsylvania; Ralph A. Jacobs, of Ralph A. Jacobs & Associates, Philadelphia, Pennsylvania, of counsel, for Plaintiff.

Johannes R. Kramer, Thomas R. Hunt, and David J. Teklits, of Morris, Nichols, Arsht & Tunnell, Wilmington, for Defendants John C. Bennett, Jr., Shaun F. O'Malley, Charles E. Mather, III, PNC Bank, N.A., and Wilmington Trust Company.

Wayne N. Elliott, Elizabeth M. McGeever, and Sheldon K. Rennie, of Prickett, Jones & Elliott, Wilmington; John G. Treitz, Jr., of Ogden Newell & Welch, Louisville, Kentucky, of counsel, for Justin and Cameron McNeil.

Lawrence C. Ashby and Richard I.G. Jones, of Ashby & Geddes, Wilmington, for Barbara McNeil Jordan, Marjorie McNeil Findlay, and Robert Douglas McNeil.

Grover C. Brown, of Gordon, Fournaris & Mammarella, Wilmington, Guardian Ad Litem for the Minor and Unborn Beneficiaries of the Trust for Lois Fernley McNeil and Others.


MEMORANDUM OPINION

STRINE, Vice Chancellor.

Henry S. McNeil, Jr. ("Henry" or "Hank") brought this case to challenge certain actions of the trustees of a trust created by his late father, Henry S. McNeil, Sr. ("Mr. McNeil, Sr.") for the benefit of Henry's mother, Lois F. McNeil ("Lois"), her children, her lineal descendants, and their spouses (the "Lois Trust"). In particular, Henry complains that the Trustees of the Lois Trust (the "Lois Trustees" or the...

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