the republic logo

Florida appeals court rejects Delaware AG Biden's effort to intervene in DuPont trust changes

Share/Save/Bookmark

DOVER, Delaware — A Florida appeals court has rejected Delaware Attorney General Beau Biden's effort to reopen and intervene in a 2004 reorganization of the trust that funds the Nemours Foundation.

The court said in a 2-1 ruling Wednesday that Biden had failed to show that a trial court abused its discretion when it rebuffed his attempt last year.

The Nemours Foundation runs the Alfred I. duPont Hospital for Children in Wilmington and other health care facilities in Delaware, Florida, New Jersey and Pennsylvania. It also operates the Nemours Mansion and Gardens in Wilmington.

Biden says trustees of the $4 billion Alfred I. duPont trust have altered the governance structure of the foundation in a way that dilutes Delaware's influence and shorts Delaware residents in distributions of trust proceeds.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.