An appellate panel in Rochester has largely rejected a Surrogate’s Court order that would have required HSBC Bank to pay roughly $30 million in damages to trusts established by and for the family that co-founded the F.W. Woolworth five-and-10 chain and brought a National Hockey League team to Buffalo.
The Appellate Division, Fourth Department, cited a litany of errors by Erie County Surrogate Barbara Howe (See Profile) and remanded for a recalculation the amount of damages in a case involving one of the most prominent, wealthy and philanthropic dynasties in Western New York history: the Knox family.
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