And the trustee, an affiliate of the church that was to get the remainder, didn't like having to decide between generating more income for the child or capital growth, which would ultimately benefit the church.
Officers, trustees and others affiliated with the Torray fund control fund shares worth $80 million, according to company filings and Mr. Torray.
At Longleaf Partners, employees, family members, trustees and others affiliated with the fund company have more than $400 million invested in the firm's mutual funds, according to Lee Harper, spokeswoman and principal at Southeastern Asset Management, the adviser for the Longleaf funds.
The trustees liquidating Bernard L. Madoff's London affiliate have gone to federal bankruptcy court in Florida to seize a vintage British sports car that they say he bought last spring and gave to his brother, Peter.
Early this year, Mr. Picard and the London trustees liquidating Mr. Madoff's British affiliate joined forces to obtain a British court order freezing Ms. Kohn's assets and giving them access to potentially helpful documents in the case.
Barnard is an independent women's college with its own trustees and president, but it is closely affiliated with its bigger, more famous neighbor.
The controversy was so heated that the affiliated church's board of trustees, whose members included Archbishop Timothy M. Dolan of New York, eventually rejected the sale of the convent, even though it had originally been approved by the parish's priest.
An environmental activist group wants Boston's public television and radio affiliate to bump billionaire conservative donor David Koch from its board of trustees over his position on climate change.
International Paper's tender offer is scheduled to expire on Sept. 8. Kenneth L. Tepper, the trustee for the liquidation trust of Guaranty, filed the lawsuit, accusing Temple-Inland, several of its directors, its affiliates and the directors of the bank of "fraudulently looting GFG [Guaranty Financial Group] and the bank of assets exceeding one billion dollars".
One trustee from an affiliated United Way said the Washington organization had sent ballots to at least two people who are dead and several others who had not served as trustees for some time.
