{"id":2322,"date":"2024-08-20T21:39:59","date_gmt":"2024-08-20T21:39:59","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/people-of-bikini-claim-no-questions-asked-practices-resulted-in-trusts-depletion\/"},"modified":"2024-08-20T21:39:59","modified_gmt":"2024-08-20T21:39:59","slug":"people-of-bikini-claim-no-questions-asked-practices-resulted-in-trusts-depletion","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/people-of-bikini-claim-no-questions-asked-practices-resulted-in-trusts-depletion\/","title":{"rendered":"People of Bikini Claim &#8216;No Questions Asked&#8217; Practices Resulted in Trusts&#8217; Depletion"},"content":{"rendered":"\n<div>\n<p>The people of Bikini Atoll\u2014the Pacific island that became a nuclear proving ground in the 1940s\u2014have filed a Court of Chancery suit against a trust fund administrator, alleging Arden Trust Company is responsible for depleting two trust funds set up by the U.S. government.<\/p>\n<p>The <a href=\"https:\/\/drive.google.com\/file\/d\/1Bb8_rj6yWaVYss1YPgS-MXmZqi9pbOOT\/view?usp=sharing\" rel=\"nofollow noopener\" target=\"_blank\">complaint<\/a> alleges that between 2018, when Arden took over management of the trusts, and 2023, when management was transferred to successor Comerica, the two trusts\u2019 market value dwindled from $60 million and $59.1 million to $89,002 and $28.7 million, respectively, despite strict regulations on how much money could be disbursed and how frequently.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The people of Bikini Atoll\u2014the Pacific island that became a nuclear proving ground in the 1940s\u2014have filed a Court of Chancery suit against a trust fund administrator, alleging [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3068,3067,786,3070,2246,553,2473,3069,2612],"class_list":["post-2322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-asked","tag-bikini","tag-claim","tag-depletion","tag-people","tag-practices","tag-questions","tag-resulted","tag-trusts"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=2322"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/2323"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=2322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=2322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=2322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}