• Court enforces choice-of-law provision and exculpatory clauses in trust instruments and dismisses surcharge claims for failing to diversify AIG stock—In J. P. Morgan Chase Bank, N.A., et al. v. Loutit et al., 2013 N.Y. Misc. LEXIS 452 (N.Y. County Sup. Ct. 2013), the trust beneficiaries attempted to surcharge the corporate co-trustee of several trusts for the 2008 collapse in the value of AIG stock concentrations in the trusts, three of which were failed ...

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