U.S. Trust Corp. finally got its day in court Wednesday, and found itself on the defensive over its handling of the estate of tobacco heiress Doris Duke.

The two-hour hearing before the Appellate Division of the New York Supreme Court came and went without a decision. But hostility was evident, as a parade of witnesses - including representatives of Morgan Guaranty Trust Company of New York - argued for U.S. Trust's removal as preliminary co-executor of the $1.2 billion estate.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.