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Loeb & Loeb Trust and Estate Litigation partners David Nelson and Andy Garb successfully represented the trustees of a trust that controls one of the largest privately-owned media companies in the world. The trustees are also directors of the corporation.
Mr. Nelson and Mr. Garb were able to fend off challenges to the dividend-setting policies of the media company on the grounds that to do so would constitute a violation of the trust's no-contest clause. The decision, by the California Court of Appeal, which was ordered published by the Court, is an important precedent in the area of no-contest clause litigation.
