"Two charities bickering over the trust money of an heiress to the Eli Lilly and Co. pharmaceutical fortune were scolded by a judge over a lawsuit claiming a bank reduced the value of their donations because of delayed stock transactions.
The Chicago-based Poetry Foundation and Americans for the Arts in Washington, D.C., have been named as two beneficiaries of 91-year-old Ruth Lilly's trust after her death.
Lilly, the only surviving great-grandchild of Eli Lilly, who founded the Indianapolis-based pharmaceutical company, had a wealth valued at more than $1 billion in 2002."
Thursday, August 24, 2006
Judge scolds charities for Lilly lawsuit
Judge scolds charities for Lilly lawsuit:
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