Quick background. Donors (husband and wife) claimed Fidelity failed to follow their investment advice on a $100 million gift to Fidelity’s Donor Advised Fund (DAF) resulting in damages for diminution of their charitable deduction and funds available to benefit charity. Donors made their gifts to their DAF on Dec. 28 and 29, 2018 and allege they instructed Fidelity how and when to sell their large blocks of stock in the following year. Fidelity denied all donors’ claims.

Last year, Fidelity’s motion in a U.S. district court to dismiss donors’ complaint was denied and a jury trial in California was expected this spring. Now the trial is subject to postponement due to the coronavirus crisis.