Laura Cowan Coffey v. David L. Coffey Et Al.

This case involves events that span a period of some twenty years following the death of Steven Lee Coffey in a plane crash on July 13, 1995. The deceased was a successful owner of a securities business. Plaintiff, Laura Cowan Coffey, is his widow. In the deceased’s will, David L. Coffey (David the senior), the deceased’s father, was designated executor of his son’s estate. Plaintiff alleges in her complaint for fraud, conversion, and breach of fiduciary duty, that David the senior breached his fiduciary duties and engaged in a fraudulent scheme to obtain for himself two highly-profitable assets of the estate, which ultimately sold for $45,000,000 in 2015 for the benefit of David the senior’s heirs. Plaintiff also sued David Michael Coffey (David the younger) - who is the son of David the senior - in the former’s capacity as trustee of the fortune resulting from the sale of the assets of the deceased. After a hearing on defendants’ motions for summary judgment, the court granted their motions, finding that the plaintiff’s claims were barred by the applicable statute of limitations. Plaintiff appeals. We hold that plaintiff has set forth specific facts showing that there are genuine issues of material fact pertaining to fraudulent concealment of plaintiff’s cause of action against the defendants rendering summary judgment inappropriate. Accordingly, we reverse the trial court’s judgment granting the defendants’ motions for summary judgment. This matter is remanded to the trial court for further proceedings. T