News From Law.com

The people of Bikini Atoll—the Pacific island that became a nuclear proving ground in the 1940s—have filed a Court of Chancery suit against a trust fund administrator, alleging Arden Trust Company is responsible for depleting two trust funds set up by the U.S. government. Plaintiffs—represented by Cross & Simon, Covington & Burling and D.C.-based attorney Jonathan Weisgall—say that the two trusts' market value dwindled from $60 million and $59.1 million to $89,002 and $28.7 million.

Delaware

August 20, 2024, 4:35 PM