Former income beneficiaries of a charitable remainder annuity trust who sold their entire interests to a for-profit company have no standing to sue the trust’s trustees and investment advisers for losses in trust value during the Great Recession, an appellate court in Nebraska has affirmed. The Court has upheld a trial court decision granting summary judgment to the trustees and advisers. Michael and Sharon McCracken created a charitable remainder annuity trust in January 2000 with stock worth approximately $3 million and provided that the trust should pay $200,000 a year to them and the survivor of them. Investment discretion was given absolutely to the trustee. The remainder beneficiary...