CourtListener 10353027•Pimpaktra A. Rust v. Vina Elise Rust, Chakdhari Anissa Rust, and The Bryn Mawr Trust Company of Delaware
Pimpaktra A. Rust v. Vina Elise Rust, Chakdhari Anissa Rust, and The Bryn Mawr Trust Company of Delaware
CourtListener 10353027Delch10 de mar. de 2025
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IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
PIMPAKTRA A. RUST, )
)
Plaintiff, )
)
v. ) C.A. No. 2020-0762-BWD
)
VINA ELISE RUST, CHAKDHARI )
ANISSA RUST, and THE BRYN )
MAWR TRUST COMPANY OF )
DELAWARE, a Delaware limited )
purpose trust company, )
)
Defendants. )
MEMORANDUM OPINION GRANTING
THE BRYN MAWR TRUST COMPANY’S MOTION TO DISMISS
Date Submitted: February 20, 2025
Date Decided: March 10, 2025
Sean J. Bellew, BELLEW LLC, Wilmington, DE; OF COUNSEL: F. Faison
Middleton, IV, WATSON SPENCE LLP, Atlanta, GA; Attorneys for Plaintiff
Pimpaktra A. Rust.
Trisha W. Hall, Scott E. Swenson, and Jarrett W. Horowitz, CONNOLLY
GALLAGHER LLP, Wilmington, DE; Attorneys for Defendant The Bryn Mawr
Trust Company of Delaware.
William M. Lafferty and Lauren K. Neal, MORRIS, NICHOLS, ARSHT &
TUNNELL LLP, Wilmington, DE; Attorneys for Defendants Vina Elise Rust and
Chakdhari Anissa Rust.
DAVID, V.C.
A settlor created a revokable trust and funded it with real property and other
valuables. The trust agreement governing the trust granted the settlor’s three
brothers a lifetime interest in certain properties and provided that, upon each
brother’s death, the property in the trust would pass to that brother’s living issue, per
stirpes.
After the settlor’s death but during his brother’s lifetime, the trustee,
Wilmington Trust Company (“Wilmington Trust”), facilitated a transfer of real
property from the trust into a limited liability company, with the trust retaining
membership interests in the company. The Bryn Mawr Trust Company of Delaware
(“Bryn Mawr”) later replaced Wilmington Trust as trustee.
When the settlor’s brother died, a dispute arose among his three daughters to
whom the trust property passes. One daughter, the plaintiff here, asserts that the
settlor intended for the real property formerly held in the trust to be distributed to
the sisters directly upon their father’s death. She alleges that Bryn Mawr breached
its fiduciary duties as trustee by failing to carry out the settlor’s intent by distributing
direct interests in that real property, and instead attempting to distribute membership
interests in the limited liability company. She also alleges that Bryn Mawr aided
and abetted breaches of fiduciary duty committed by her sisters.
Bryn Mawr has moved to dismiss the claims against it under Court of
Chancery Rule 12(b)(6). This memorandum opinion concludes that the plaintiff’s
complaint fails to state a claim against Bryn Mawr for breach of fiduciary duty or
aiding and abetting. The motion is therefore granted.
I. BACKGROUND
A. Phillip Settles The Trust And Wilmington Trust, As Trustee,
Forms An LLC To Hold Real Property.
Plaintiff Pimpaktra Rust (“Pim”) and defendants Vina Rust (“Vina”) and
Chakdhari Rust (“Anissa”) are the daughters of the late Richard Rust (“Richard”).
Verified Am. and Supplemented Compl. [hereinafter Am. Compl.] ¶ 10, Dkt. 223.
On July 10, 1953, Philip Rust (“Philip”), Richard’s brother, created a
revokable trust under a trust agreement (as amended, the “Trust Agreement”),1
which he funded with real property and other valuables. Id. ¶ 45. The Trust
Agreement granted Philip’s three brothers, including Richard, a lifetime interest in
certain properties, and also provided that, unless his brothers directed otherwise,
upon each of their deaths, the property in the trust would pass to their “then living
issue” under “the last instrument in writing which he shall have executed and
delivered to [the] Trustee during his lifetime . . . .” Id. ¶¶ 52–53; Am. Compl., Ex.
A [hereinafter Trust Agt.] Art. Fourth(B)(2)–(3).
1
The Trust Agreement was amended by Supplemental Trust Agreements dated December
12, 1956, November 6, 1964, May 1, 1967, April 16, 1970, and July 25, 1972, and amended
and restated by Supplemental Trust Agreements dated May 16, 1984 and August 17, 1994.
Am. Compl. ¶ 45.
2
Philip died on October 25, 2010, and the trust was divided into shares for
Philip’s three brothers, including Richard (the “Trust”). Am. Compl. ¶¶ 52, 76. At
that time, Wilmington Trust served as the Trust’s trustee. Id. ¶¶ 45, 102.
Wilmington Trust refused to accept direct control of real estate held in the Trust, and
instead insisted that a limited liability company be formed to “handle the real
property.” Id. ¶¶ 64–65, 67. On September 29, 2011, attorneys from the law firm
Ivins, Phillips & Barker (“IPB”), acting on behalf of Philip’s estate, formed
Goodenow LLC (“Goodenow” or the “LLC”), a Delaware limited liability company.
Id. ¶ 64. Wilmington Trust transferred the Trust’s real property to Goodenow and
was designated the LLC’s sole member, with Richard serving as Goodenow’s
manager. Id. ¶¶ 122–25.
Pim alleges that when Goodenow was formed,
Wilmington Trust was instructed to perform three primary tasks: “hold,
administer and distribute.” The LLC scheme created an entity through
which the Trustee could indirectly hold title to the real estate. Pursuant
to the overall LLC scheme, the Trustee would then outsource its
administrative obligation to the LLC manager, who as the lifetime
income beneficiary of the real estate was uniquely positioned and
motivated to maintain the property during his lifetime. The final task
was to distribute the real property to the Trust beneficiaries . . . .
Id. ¶ 68 (emphasis in original). Pim alleges that by forming Goodenow, Wilmington
Trust and Richard did not mean to “affect the substance of the distribution plan”
under the Trust Agreement, as “[t]he LLC was never intended to survive beyond the
Trust’s termination.” Id. ¶¶ 2, 73.
3
B. The Trust Agreement And The LLC Agreement
The Trust Agreement provides that upon Richard’s death, shares of the Trust
shall be distributed “free of trust” to Richard’s issue:
2. Upon the death of such brother, Trustee shall pay over and distribute
the then remaining principal of such share, together with any
undistributed or accumulated income, to or among such brother’s issue,
in such manner and amounts, for such interests or estates, whether in
trust or otherwise, and upon such terms and conditions without regard
to equality and to the exclusion of any, as such brother shall appoint in
the last instrument in writing which he shall have executed and
delivered to Trustee during his lifetime or, failing any such instrument,
by his Last Will and Testament specifically referring to this power of
appointment.
3. In the event such brother fails in whole or in part to exercise
effectively the limited power of appointment conferred on him under
subparagraph (2), Trustee shall divide the then remaining principal of
such share, to the extent not fully and effectively appointed together
with any undistributed or accumulated income, into shares for such
brother’s then living issue, per stirpes or, if none, for the then living
issue, per stirpes, of Grantor’s parents; provided, however, that any
share so set aside for a brother of Grantor for whom a trust is then in
existence under this Paragraph B shall be added to the principal of such
trust, to be held, administered and distributed as a part thereof and any
share so set aside for the benefit of an issue of Grantor’s parents more
remote than a child of Grantor’s parents shall be distributed, free of
trust to any such issue who has attained the age of forty (40) years and
shall be held for the benefit of any such issue who has not attained the
age of forty (40) years in accordance with the provisions of
subparagraph (5) of this Paragraph B.
Trust Agt. Art. Fourth(B)(2)–(3).
Although the Trust Agreement contemplates that the Trust property will be
distributed upon Richard’s death, Section 2.6 of the LLC Agreement states that
4
Goodenow “will have a perpetual existence unless [Goodenow] is dissolved in
accordance with the provisions of this Agreement.” Am. Compl., Ex. H [hereinafter
LLC Agt.] § 2.6. Section 8.1, governing dissolution, states that Goodenow “shall be
dissolved upon any of the following events”:
(i) the written consent of the Manager and the vote of the Members,
such that there is 100% agreement of voting Members, with no
dissenting votes and no abstentions;
(ii) at any time there are no members of the Company, unless the
Company is continued without dissolution in accordance with the Act;
(iii) the termination of the last remaining Series; or
(iv) the entry of a decree of judicial dissolution under Section 18-215
of the Act.2
Id. § 8.1.
Although the LLC Agreement provides that Goodenow will continue until
dissolution, Pim points out that some provisions in the LLC Agreement suggest the
drafter contemplated Goodenow would be managed consistent with the terms of the
Trust Agreement. Am. Compl. ¶ 83. For example, Sections 4.2(c)(i) and (ii) prohibit
a manager from taking any act, “with respect to any Member without the consent of
such Member,” that “is in violation of the . . . Trust Agreement” or “would result in
2
Title 6, Section 18-215(b)(11) states: “On application by or for a member or manager
associated with a protected series, the Court of Chancery may decree termination of such
series whenever it is not reasonably practicable to carry on the business of such series in
conformity with a limited liability company agreement.”
5
the termination of the Member’s status as a valid trust.” LLC Agt. § 4.2(c)(i), (ii).
Section 7.1(b)(iv) prohibits the transfer of a membership interest unless “the
transferor has demonstrated to the reasonable satisfaction of the Manager that the
transfer will not result in a violation of the . . . Trust Agreement.” Id. § 7.1(b)(iv).
And Section 4.1(c) provides that if the manager is unable or unwilling to serve, “the
Successor Manager shall be one or more of the current beneficiaries of the [Trust]
(or any trust created under the . . . Trust Agreement).” Id. § 4.1(c).
C. Bryn Mawr Is Appointed Trustee, Richard Passes Away, And The
Trust Is Terminated.
Nearly five years after Goodenow’s formation, on June 17, 2016, Bryn Mawr,
a Delaware limited purpose trust company, replaced Wilmington Trust as trustee of
the Trust and sole member of Goodenow. Am. Compl. ¶ 102.
Richard passed away three years later, on September 23, 2019. Id. ¶ 113. On
several occasions thereafter, Pim demanded that Bryn Mawr distribute to her a one-
third direct interest in the real property held by Goodenow. Id. ¶¶ 135, 137.
Section 4.1(c) of the LLC Agreement states that a “Successor Manager shall
be one or more of the current beneficiaries of the . . . Trust . . . .” LLC Agt. § 4.1(c).
On October 29, November 1, and November 2, 2019, Vina, Anissa, and Pim,
respectively, each appointed herself as a co-manager of Goodenow. Am. Compl.
¶ 138. Since then, Vina and Anissa, representing a majority of the managers, “have
seized control of Trust property that must be distributed to Pim.” Id. ¶ 152.
6
On January 17, 2020, Bryn Mawr circulated a “Waiver, Release and
Indemnification.” Id. ¶ 158; see also Am. Compl., Ex. R at 3 (proposing to release
claims against Bryn Mawr for any act by Bryn Mawr “related to or arising out of the
administration of the Trust, including but not limited to the distribution of the Trust
assets to the Beneficiaries and the subsequent termination of the Trust”). Pim did
not sign that document. Am. Compl. ¶ 159.
On February 23, Pim sent a letter to Bryn Mawr purporting to accept the role
of Trust adviser and directing Bryn Mawr to dissolve Goodenow. Id. ¶ 160. On
February 27, Bryn Mawr responded that it did not have the authority to dissolve
Goodenow “without the consent or direction of the Trust’s adviser in accordance
with Article TENTH of the Trust instrument” and “[b]ecause the Trust is
terminating, no adviser is currently serving to direct the Trustee as to any investment
decisions (which the dissolution of the LLC would be).” Id. ¶ 161.
On May 8, Bryn Mawr sent Pim a “Notice of Termination of Trust and Period
to Initiate Claims,” which advised that Bryn Mawr had ceased acting as trustee of
the Trust, the Trust had terminated pursuant to the Trust Agreement, and the Trust’s
assets would “be distributed in kind, without liquidation or reorganization.” Id.
¶ 162. The notice advised Pim of the 120-day period in which she could bring a
claim against Bryn Mawr under 12 Del. C. § 3585(a)(2). Am. Compl., Ex. U.
7
D. Procedural History
On September 4, 2020, one day before the expiration of the 120-day period
under Section 3585, Pim initiated this action through the filing of a Verified
Complaint (the “Initial Complaint”). Dkt. 1. The Initial Complaint named Vina,
Anissa, and Bryn Mawr as defendants. See id. On December 8, Vina and Anissa
filed an Answer, Counterclaims, and Cross-Claims, which answered the Initial
Complaint, asserted counterclaims against Pim, and brought a cross-claim against
Bryn Mawr seeking an order requiring it to transfer a one-third membership interest
in Goodenow to each of Pim, Vina, and Anissa. Dkt. 9. On January 4, 2021, Bryn
Mawr filed an Answer and Counterclaim/Cross-Claim, seeking instructions
regarding the distribution of membership interests in Goodenow. Dkt. 10.
On January 25, Vina and Anissa held a meeting of the managers of
Goodenow, at which they purported to approve the transfer of a one-third interest in
Goodenow to each of Pim, Vina, and Anissa. Pl. Pimpaktra A. Rust’s Reply to Bryn
Mawr Trust Company’s Countercl. for Instrs. [hereinafter “Pl.’s Answer”] at 6–7,
Dkt. 61. On February 5, the Court held a status conference at which Bryn Mawr
sought approval to distribute the membership interests in Goodenow to Pim, Vina,
and Anissa. Tr. of 2-5-21 Status Conf. at 6:1–11, Dkt. 33. The Court instructed that
the membership interests could “be distributed with the understanding that there is a
8
cloud on that ownership interest subject to the resolution of this action.” Id. at 6:21–
24.
On February 16, Bryn Mawr sent Assignment and Assumption Agreements
to Pim, Vina, and Anissa to effectuate the transfer of their membership interests in
Goodenow. Pl.’s Answer 7-8. Vina and Anissa executed the agreements, but Pim
refused to do so. Id.; Dkt. 54, Ex. F. As a result, Bryn Mawr distributed membership
interests to Vina and Anissa but continues to hold Pim’s membership interest. Am.
Compl. ¶ 39.
On November 19, 2021, Bryn Mawr filed a Motion to be Removed and for
Judgment on the Pleadings Pursuant to Court of Chancery Rule 12(c). Dkt. 75. On
September 8, 2022, the Court entered a Stipulation and Order Regarding Status of
Bryn Mawr Trust Company of Delaware, dismissing Bryn Mawr “as a defendant
without prejudice and with no effect on Pim’s right to seek relief that calls for any
action to be taken by Bryn Mawr or to seek leave to amend her claims, including as
to Bryn Mawr, based on facts discovered through discovery in this action or
otherwise or Bryn Mawr’s right to oppose.” Dkt. 101.
E. The Amended Complaint
On November 11, 2022, Pim filed a Motion for Leave to File a Second
Verified Amended and Supplemented Complaint, which Bryn Mawr opposed on
December 23, 2022. Dkts. 122, 144. On May 16, 2023, the Court issued a letter
9
opinion ruling that Pim’s “motion to amend the Complaint to add Bryn Mawr Trust
as a Defendant is granted, without prejudice to Bryn Mawr’s right to move to
dismiss.” Rust v. Rust, 2023 WL 3476501, at *1 (Del. Ch. May 16, 2023). On
August 15, 2024, Pim filed a Verified Amended and Supplemented Complaint (the
“Amended Complaint”).
Count Three of the Amended Complaint alleges that Bryn Mawr aided and
abetted Vina and Anissa’s breaches of the LLC Agreement. Am. Compl. ¶¶ 184–
91. Count Four alleges that Bryn Mawr breached its fiduciary duties as trustee of
the Trust. Id. ¶¶ 192–210.
Bryn Mawr moved to dismiss Counts Three and Four of the Amended
Complaint on August 29, 2024 (the “Motion”).3 The Court heard oral argument on
the Motion on February 20, 2024. Dkts. 244, 246.
II. ANALYSIS
Bryn Mawr has moved to dismiss the Amended Complaint under Court of
Chancery Rule 12(b)(6) for failure to state a claim. When reviewing a motion to
3
Dkt. 227 [hereinafter Mot.]. On October 1, 2024, Bryn Mawr filed an opening brief in
support of the Motion. Def. The Bryn Mawr Tr. Co. of Del.’s Opening Br. in Supp. of its
Mot. to Dismiss [hereinafter OB], Dkt. 235. On November 18, Pim filed an opposition to
the Motion. Pl.’s Resp. in Opp’n to The Bryn Mawr Tr. Co. of Del.’s Mot. to Dismiss
[hereinafter AB], Dkt. 236. On December 18, Bryn Mawr filed a reply brief in further
support of the Motion. Def. The Bryn Mawr Tr. Co. of Del.’s Reply Br. in Further Supp.
of its Mot. to Dismiss [hereinafter RB], Dkt. 237.
10
dismiss under Rule 12(b)(6), Delaware courts “(1) accept all well pleaded factual
allegations as true, (2) accept even vague allegations as ‘well pleaded’ if they give
the opposing party notice of the claim, [and] (3) draw all reasonable inferences in
favor of the non-moving party . . . .” Cent. Mortg. Co. v. Morgan Stanley Mortg.
Cap. Hldgs. LLC, 27 A.3d 531, 535 (Del. 2011) (citing Savor, Inc. v. FMR Corp.,
812 A.2d 894, 896–97 (Del. 2002)).
A. The Court Did Not Resolve The Arguments Raised In The Motion
When It Granted Leave To Amend.
Pim contends that “the Court has already ruled against Bryn Mawr on the
issues it raises” in support of the Motion. AB at 20. It has not. On May 16, 2023,
the Court issued a letter opinion ruling that Pim’s “motion to amend the Complaint
to add Bryn Mawr Trust as a Defendant is granted, without prejudice to Bryn Mawr’s
right to move to dismiss.” Rust, 2023 WL 3476501, at *1. In doing so, the Court
did not implicitly reject Bryn Mawr’s arguments that amendment would be futile—
it deferred ruling on them until presented with a fully briefed motion to dismiss.
B. The Amended Complaint Fails To State A Claim Against Bryn
Mawr For Breach Of Fiduciary Duty.
Count Four of the Amended Complaint alleges a claim against Bryn Mawr for
breach of fiduciary duty in Bryn Mawr’s capacity as trustee of the Trust.
“Under default principles of Delaware law, a trustee owes fiduciary duties to
a beneficiary.” Tigani v. Tigani, 2021 WL 1197576, at *13 (Del. Ch. Mar. 30, 2021),
11
aff’d, 271 A.3d 741 (Del. 2022) (TABLE). “At common law, the duties of a trustee
to trust beneficiaries include loyalty, good faith, and due care.” 4 In re Nat’l
Collegiate Student Loan Trs. Litig., 251 A.3d 116, 185 (Del. Ch. 2020) (citations
and quotations omitted). “Trustees must also act within the scope of authority
granted by the governing trust documents.” Rende v. Rende, 2023 WL 2180572, at
*11 (Del. Ch. Feb. 23, 2023). But “[a] trustee who acted in good faith reliance on
the terms of a written governing instrument is not liable to a beneficiary for a breach
of trust to the extent the breach resulted from the reliance.” 12 Del. C. § 3586.
The Amended Complaint raises four theories in support of Count Four. Pim’s
primary argument is that Bryn Mawr breached its fiduciary duties when it failed to
realize the settlor’s intent by distributing a direct interest in the real property held by
Goodenow, and instead asked the beneficiaries to accept membership interests in the
LLC. In raising this argument, Pim makes no effort to explain whether or how Bryn
Mawr failed to act carefully or loyally in carrying out its responsibilities as trustee. 5
4
While “[t]he terms of a trust agreement may eliminate or restrict default fiduciary
obligations,” the Trust Agreement does not do so here. Sweeney v. Sweeney, 2024 WL
3040424, at *9 (Del. Ch. June 18, 2024).
5
Pim argues that the issue of whether Bryn Mawr followed the terms of the Trust
Agreement and was required to distribute the membership interests “raises factual issues
inappropriate for a motion to dismiss,” but does not identify any fact issues pertinent to the
motion to dismiss. AB at 34. For example, Pim suggests that Vina and Anissa previously
reported that they received their membership interests in Goodenow in 2019, while Bryn
12
Instead, Pim suggests Bryn Mawr breached a duty to understand and carry out the
settlor’s intent; yet she does not identify any provision of the Trust Agreement that
Bryn Mawr actually failed to follow. 6 To the contrary, Bryn Mawr complied with
the plain language of Article Fourth(B)(3) of the Trust Agreement by attempting to
distribute the Trust’s only assets—cash, marketable securities, and membership
interests in the LLC—to the Trust’s beneficiaries upon Richard’s death. Am.
Compl. ¶¶ 39, 121.
Relatedly, Pim alleges that Bryn Mawr breached its fiduciary duties by
“recognizing” Vina and Anissa as co-managers of Goodenow and “allowing” them
to violate the LLC Agreement, thereby “perpetuating the LLC scheme.” Id. ¶¶ 189,
197. But again, Pim fails to explain how Bryn Mawr breached either a duty of care
or loyalty in dealing with Vina and Anissa.
Pim also alleges in conclusory fashion that Bryn Mawr improperly withheld
information from the beneficiaries about the purpose of forming Goodenow, but
does not identify what information supposedly was withheld. Id. ¶¶ 196–97.
Mawr contends it transferred their membership interests in 2021 with the Court’s approval.
Id. at 35–36. Pim does not explain how that “dispute” has any bearing on whether the
Amended Complaint states a claim against Bryn Mawr for breach of fiduciary duty.
6
Pim contends that Article Fourth(B)(3) requires the Trustee to distribute assets “free of
trust,” but does not allege that the membership interests are held in “trust,” only that they
are held by a limited liability company.
13
Finally, Pim alleges that Bryn Mawr breached its fiduciary duties by
“ma[king] no effort” to dissolve Goodenow. Id. ¶ 198. As Bryn Mawr explains,
outside of bringing a legal proceeding, dissolution under Section 8.1 of the LLC
Agreement requires “the written consent of the Manager[s].” LLC Agt. § 8.1. Bryn
Mawr is not, and has never been, a manager of Goodenow. Pim failed to address
this argument in her answering brief, and any response is therefore waived. See
Emerald P’rs v. Berlin, 726 A.2d 1215, 1224 (Del. 1999) (“Issues not briefed are
deemed waived.”).
The Amended Complaint fails to state a claim for breach of fiduciary duty
against Bryn Mawr and Count Four must be dismissed.
C. The Amended Complaint Fails To State A Claim Against Bryn
Mawr For Aiding And Abetting.
Count Three of the Amended Complaint alleges a claim against Bryn Mawr
for aiding and abetting Vina and Anissa’s breaches of the LLC Agreement.
Count Three largely repackages Pim’s breach of fiduciary duty allegations.
She alleges that Bryn Mawr aided and abetted Vina and Anissa’s breaches by failing
to distribute the real property held in Goodenow, “recognizing” Vina and Anissa as
Goodenow’s co-managers, and “allowing” Vina and Anissa “to take actions in
violation of the Trust Agreement and LLC Agreement which deprived Pim of her
interest in the real property.” Am. Compl. ¶ 189.
14
The parties’ briefing treats Count Three as a claim for aiding and abetting a
breach of fiduciary duty. Such a claim requires pleading “(1) the existence of a
fiduciary relationship, (2) a breach of the fiduciary’s duty, . . . (3) knowing
participation in that breach by the defendants, and (4) damages proximately caused
by the breach.” In re Mindbody, Inc., 2024 WL 4926910, at *31 (Del. Dec. 2, 2024).
“[K]nowing participation in a . . . fiduciary breach requires that the third party act
with the knowledge that the conduct advocated or assisted constitutes such a
breach.” Id. at *32. “Many Delaware cases have cited § 876(b) [of the Restatement
(Second) of Torts] as persuasive authority for what the ‘knowing participation’
element requires.” Id. Section 876 states:
For harm resulting to a third person from the tortious conduct of
another, one is subject to liability if he
(a) does a tortious act in concert with the other or pursuant to a
common design with him, or
(b) knows that the other’s conduct constitutes a breach of duty
and gives substantial assistance or encouragement to the other so
to conduct himself, or
(c) gives substantial assistance to the other in accomplishing a
tortious result and his own conduct, separately considered,
constitutes a breach of duty to the third person.
Restatement (Second) of Torts § 876 (1979).
The Amended Complaint fails to allege facts from which the Court can
reasonably infer that Bryn Mawr knowingly participated in a breach of fiduciary
15
duty. The only acts Bryn Mawr is alleged to have taken in furtherance of a fiduciary
breach are “distributing membership interests to [Vina and Anissa] and recognizing
them as both owners and managers of Goodenow.” Am. Compl. ¶ 133. As explained
above, Bryn Mawr complied with the plain language of Article Fourth(B)(3) by
attempting to distribute the Trust’s assets to the beneficiaries upon Richard’s death.
And Pim fails to explain how “recognizing” Vina and Anissa as Goodenow’s co-
managers substantially assisted them in breaching their fiduciary duties.
For these reasons, the Amended Complaint fails to state an aiding and abetting
claim against Bryn Mawr and Count Three must be dismissed.7
III. CONCLUSION
As explained above, Counts Three and Four of the Amended Complaint fail
to state a claim against Bryn Mawr and must be dismissed. The Motion is granted.
7
Because the Motion succeeds on the merits, the Court does not address Bryn Mawr’s
additional arguments that Pim’s claims against Bryn Mawr are untimely and precluded by
the prior dismissal.
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