Banks are being socked with lawsuits over reorganizations of trust portfolios into mutual funds.

Though the cases differ in details, the common denominator is criticism of the banks' decisions to shift personal trust assets into mutual funds. The suits raise questions about whether the banks elevated self-interest above their fiduciary duty to trust beneficiaries.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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