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SunTrust Banks Inc.'s failure to diversify family trust assets that sometimes had up to 90 percent Coca-Cola stock has prompted claims against the bank. The $165 million federal suit raises questions about the bank's decades-old relationship with Coke and also will likely test the limits of attorney-client privilege between King & Spalding and its longtime clients Coke and SunTrust. The bank has identified two King & Spalding partners in the firm's trusts practice as witnesses in the case.
September 30, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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