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January 23. 2013 1:06PM

NHSUPCO affirms removal of Tamposi trust trustee

The court also found that: (1) Shelton was a party to the litigation and “colluded with Betty in creating controversy with the investment directors”; (2) she participated with Betty in interviewing and hiring litigation counsel to bring this lawsuit which resulted in millions of dollars in litigation expenses and fees; (3) she did not conduct “an appropriate cost benefit analysis prior to bringing this litigation, as suggested by her own expert, John Langbein”; (4) she did not request a transfer of the EMT trust assets until six weeks after she was named trustee; and (5) “litigation costs were so massive” that there were insufficient funds in the EMT Trusts to provide for Betty’s three children.

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