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Tuesday, 05 August 2014 10:43

Judge Awards Rauschenberg Trustees $24.6 Million

A Florida judge has awarded $24.6m to three trustees of the Robert Rauschenberg Revocable Trust in a long-running legal dispute with the Rauschenberg Foundation that dates back to 2011.

The trustees sued the foundation for compensation for their “extraordinary services” in administering the trust. Under Florida law, trustees are entitled to “a reasonable fee” should the terms of the trust not specify their remuneration.

The trustees, Bennet Grutman, Darryl Pottorf and Bill Goldston, argued that they deserved a combined sum in the region of $51m to $55m. The foundation argued that this figure should be around $375,000 only.

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