Kodak. IBM. Coca-Cola. The names are corporate icons. And these blue-chip stocks, if held in the portfolio of any trust, once meant a life of quiet contentment for both trustees and beneficiaries. No more. There's been a rise in lawsuits by beneficiaries claiming that trustees failed to diversify portfolios by holding onto vintage stocks such as Kodak, even as values plummeted. Diversification of risk is the mantra of modern-day investment and the law of “prudence” governing trustees has ...

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