Tuesday, December 11, 2012

They obviously need the money


Soper Trust Trial Pits Diocese of Washington versus PNC Bank over Legacy control

Soper Trust Trial Pits Diocese of Washington versus PNC Bank over control of Legacy
Public Testimony about the Diocese of Washington Anticipated

By Sarah Frances Ives
Special to Virtueonline
www.virtueonline.org
December 11, 2012

The long-awaited, adversarial trial between the Diocese of Washington and the PNC bank begins the third week of December. From court documents recently released, the trial promises to be a conflicted one as the Diocese of Washington attempts to wrest control of the Soper Trust away from its legally designated manager, PNC Bank. With both sides in this court fight listing the Chief Operating Officer and Canon to the Ordinary Paul E. Cooney as a potential witness, the inner workings and thinking of the Diocese of Washington may be exposed. This fiery engagement will take place in the United States District Court for the District of Maryland.

Recently filed papers offer insights about the legal arguments in this long fight between the Diocese of Washington and PNC Bank. Both sides agree that following Mrs. Ruth Gregory Soper's death in 1973, her will bequeathed outright grants of money to nineteen groups, including George Washington University and St. Alban's School.

Read the full story at www.VirtueOnline.org

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