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A Texas judge signed a judgment on Wednesday ordering Baker Botts and Wells Fargo Bank Texas to pay $71 million in damages to a former estate-planning client. The judge ordered the defendants to pay the money into a new trust that he used his "equitable powers" to create. "As far as I can tell, it's unprecedented in Texas law for a judge just to create a trust out of whole cloth," said defense attorney Dean Fleming. The firm and the bank will appeal the judgment.
April 08, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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