Tuesday, October 22, 2013 - 8:44am
AG Biden revives A.I. DuPont trust challenge
Attorney General Beau Biden is reviving a challenge to changes to the Florida-based Alfred I. du Pont Trust that he claims hurt his state.
The News Journal reports a notice of appeal filed with Florida's First District Court of Appeal on Friday seeks to overturn a September ruling. The ruling bars Biden from re-opening a 2004 reorganization of the trust that funds the Alfred I. du Pont Hospital for Children in Wilmington.
The changes diluted Delaware residents' role in decisions when the $4.6 billion trust spends through the Nemours Foundation in Florida. Biden claims changes were made without proper notice to Delaware.
Trust Chairman Hugh Durden calls the appeal "unfortunate and avoidable," noting legal defense funds would otherwise be spent on care for children, mostly in Delaware.
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