Yeager v. DAngelo
This case is a family dispute involving the assets of famed test pilot Chuck Yeager. Those assets were held in a revocable living trust of which Yeager and his daughter Susan were cotrustees. Some of the assets had been transferred to a family corporation, Yeager, Inc.; Yeager and his four children were the shareholders. The dispute began when the widowed Yeager met Victoria DAngelo and decided that she, rather than his children and grandchildren, should be the beneficiary of his largesse.
We modify the judgment and affirm. We find substantial evidence supports the conclusion that Susan breached her duty as trustee in the sale of the Pleasant Valley property and must forfeit her profit. The calculation of that profit, however, is incorrect; the award of damages is reduced, but bears prejudgment interest. Court find no merit in the remaining contentions.