The Hostile Trial between the Diocese of Washington and PNC Bank Begins
The Hostile Trial between the Diocese of Washington and PNC Bank Begins
PNC refers to the diocesan legal argument as a "fiction" that attempts to "twist" Mrs. Soper's intentions
By Sarah Frances Ives
Special to Virtueonline
www.virtueonline.org
January 20, 2012
The battle between the Episcopal Diocese of Washington and the influential PNC bank begins later this month. In recent court papers, PNC raises deep concerns about the goals of the Diocese of Washington's petition to the court requesting the termination of the Soper Trust.
The civil action takes place in the United States District Court for the District of Maryland with the initial hearing on January 23, 2012. This diocesan-initiated lawsuit has as its goal the termination of the Ruth Gregory Soper Memorial Trust Fund and its transformation into a diocesan-managed account.
PNC bank recently stated a vigorous defense in an attempt to stop the Diocese of Washington from removing the Soper Trust from the domain of PNC and making it a locally managed account.
Read the full story at www.VirtueOnline.org
PNC refers to the diocesan legal argument as a "fiction" that attempts to "twist" Mrs. Soper's intentions
By Sarah Frances Ives
Special to Virtueonline
www.virtueonline.org
January 20, 2012
The battle between the Episcopal Diocese of Washington and the influential PNC bank begins later this month. In recent court papers, PNC raises deep concerns about the goals of the Diocese of Washington's petition to the court requesting the termination of the Soper Trust.The civil action takes place in the United States District Court for the District of Maryland with the initial hearing on January 23, 2012. This diocesan-initiated lawsuit has as its goal the termination of the Ruth Gregory Soper Memorial Trust Fund and its transformation into a diocesan-managed account.
PNC bank recently stated a vigorous defense in an attempt to stop the Diocese of Washington from removing the Soper Trust from the domain of PNC and making it a locally managed account.
Read the full story at www.VirtueOnline.org
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