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In re Milton Grant 2006 Family Irrevocable Trust Agreement No. One

COURT OF CHANCERY OF THE STATE OF DELAWARE
Feb 18, 2013
Civil Action No. 5671-VCG (Del. Ch. Feb. 18, 2013)

Opinion

Civil Action No. 5671-VCG

02-18-2013

Re: In re: Milton Grant 2006 Family Irrevocable Trust Agreement Number One

Rick S. Miller David J. Ferry, Jr. Ferry, Joseph & Pearce William M. Kelleher Peter S. Gordon Gordon, Fournaris & Mammarella, P.A. Michael A. Weidinger Pinckney, Harris & Weidinger, LLC Jennifer N. Walker, Esquire Jennifer Walker, P.A.


SAM GLASSCOCK III
VICE CHANCELLOR
Rick S. Miller
David J. Ferry, Jr.
Ferry, Joseph & Pearce
William M. Kelleher
Peter S. Gordon
Gordon, Fournaris & Mammarella, P.A.
Michael A. Weidinger
Pinckney, Harris & Weidinger, LLC
Jennifer N. Walker, Esquire
Jennifer Walker, P.A.
Dear Counsel:

I have received your submissions concerning the Guardian Ad Litem's ("GAL") request for payment of attorneys' fees from the Trust. Petitioner Thomas Grant has objected to the request, but does not dispute that the GAL is owed the amount claimed. Rather, Thomas argues that because Bessemer Delaware has acted in bad faith in limiting the distributions from Trust One (allegedly in retaliation for Thomas's litigation against Bessemer Florida), the GAL's fees should be paid, in full or in part, by Bessemer DE.

With one exception: Thomas contends that the $869.00 fee for a transcript should not be reimbursed, because it would effectively charge Trust One for two copies of the transcript, one for Bessemer Delaware and another for the GAL. Response to Guardian Ad Litem's First Interim Application for Attorney's Fees 11 n.1. Because the evidence before me indicates that the GAL has acted in good faith to keep down the costs of this litigation, including billing at a reduced rate, I will allow reimbursement for the transcript.

Id. at 5.
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In light of the ongoing inquiry into the existence of a possible conflict of interest for Bessemer DE, I agree with the GAL that the appropriate time to consider a request to shift fees is at the end of this litigation. Any fees paid from Trust One to the GAL as a result of purported bad-faith conduct can be reimbursed at that time. Accordingly, I am granting the GAL's Application for Attorneys' Fees. To the extent the foregoing requires an order to take effect, IT IS SO ORDERED.

Sincerely,

Sam Glasscock III


Summaries of

In re Milton Grant 2006 Family Irrevocable Trust Agreement No. One

COURT OF CHANCERY OF THE STATE OF DELAWARE
Feb 18, 2013
Civil Action No. 5671-VCG (Del. Ch. Feb. 18, 2013)
Case details for

In re Milton Grant 2006 Family Irrevocable Trust Agreement No. One

Case Details

Full title:Re: In re: Milton Grant 2006 Family Irrevocable Trust Agreement Number One

Court:COURT OF CHANCERY OF THE STATE OF DELAWARE

Date published: Feb 18, 2013

Citations

Civil Action No. 5671-VCG (Del. Ch. Feb. 18, 2013)