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Verenes v. Alvanos
South Carolina Supreme Court
690 S.E.2d 771 (2010)
- Written by Sean Carroll, JD
Facts
Alvanos (defendant) was the trustee of a trust. HCC Investments, Inc. (plaintiff) was the settlor of the trust. HCC sued Alvanos for breach of the fiduciary duties of care and loyalty. For the breach of the duty of care claim, HCC sought relief in the form of restoration to the trust of any lost income, lost capital gains, and appreciation in value. For the breach of the duty of loyalty claim, HCC sought disgorgement of commissions and profits Alvanos received from the trust. Alvanos moved for a jury trial. The trial court denied the motion. Alvanos appealed.
Rule of Law
Issue
Holding and Reasoning (Toal, C.J.)
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