A group of siblings who are heirs to the founders of Standard Register Co. are battling Fifth Third Bancorp in court over its management of two trusts for which the siblings are beneficiaries.
Five Clarke siblings argue that Fifth Third (Nasdaq: FITB) failed to provide them with statements or reports on the trust and its holdings for 28 years beginning in 1987, failed to notify them of the trustee fees it was charging and didn’t tell them Fifth Third’s analysts had grown pessimistic about the…