U.S. Trust Corp. has lost an appeal of a court decision ousting it as a co-executor of the $1.2 billion estate of tobacco heiress Doris Duke.

In a 3-2 decision issued late Tuesday, the New York Supreme Court's appellate division upheld a Manhattan surrogate court ruling that removed U.S. Trust and Bernard Lafferty, Doris Duke's former butler, as executors.

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