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Jury finds Marion bank negligent in trust handling
A Linn District Court jury ruled Farmers State Bank of Marion negligent in managing the trust of Henrietta Johnston, awarding $13,960.11 to her heirs. Punitive damages, sought at $50,000, were denied due to insufficient evidence of gross negligence. The trial spanned 24% hours, with arguments over stock sales after the Three Mile Island accident, savings vs higher yield investments, and trust tax timing.
MENTIONED IN THIS ARTICLE
Linn District Court
Farmers State Bank of
Marion
West Union
Henrietta Johnston
L. Vern Robinson
Elinor Johnston
Denver
Colo
Robinson
Roger Halstead
the Gazette
Johnston
Richard Donohue
Three Mile Island
Donohue
John
Saucer
Craig
Halstead
Pearl M. Hungerford
Daniel J. Nuehring
Arlie L. McQuiston
Steven D. Murray
Margaret L. Mackin
Emory D. Sample
Stanislaw Zajaczkoski