Joseph Peter Meersman, Jr. v. Regions Morgan Keegan Trust et al.

This appeal arises from the alleged mismanagement of two dissolved trusts established for the benefit of Joseph Peter Meersman, Jr. (“Plaintiff”). Plaintiff alleges, inter alia, that the defendant-trustees violated the trusts’ terms by regularly encroaching on the trusts’ corpus for unauthorized purposes, thereby exhausting the trusts’ assets. The trial court granted the defendants’ motions to dismiss for failure to state a claim based on the applicable statutes of limitations, and this appeal followed. We affirm the trial court’s judgment in all respects.