7th Circ. Revives General Growth Trust Mishandling Suit

Law360, New York (January 20, 2012, 8:15 PM EST) -- The Seventh Circuit on Friday revived a suit by the heiress to now-bankrupt shopping mall company General Growth Properties Inc. accusing her trustee and lawyers of legal malpractice and breaching their duty to her by mishandling her trust fund.

The appeals court reversed an Illinois federal court's decision that shopping mall heiress Mary Bucksbaum Scanlan had no standing to sue because, despite the alleged mishandling by the trustee and by attorneys from Neal Gerber & Eisenberg LLP, the trust still had ample money to provide for...
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