Judge: Breach Of Duty Claim As To Funeral Trusts With Insolvent Insurers Is Barred

Mealey's (October 3, 2017, 1:11 PM EDT) -- ST. LOUIS — A claim for determination of rights in and representation for the merchandise and services trust and a petition for a restitutionary award against trustees for breaching trustee duties relating to preneed funeral and cemetery trusts under policies with insolvent insurers are barred by the doctrine of res judicata, a Missouri federal judge ruled Sept. 28 (Winner Road Properties LLC v. BMO Harris Bank, N.A., No. 16-1395, E.D. Mo., 2017 U.S. Dist. LEXIS 161300)....