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Cemetery company loses court battle to control $52M meant for upkeep of Bay Area cemeteries.
A company that owns multiple cemeteries in the Bay Area lost a legal battle to keep control of $52 million in endowment care funds.
These funds are meant to ensure the upkeep of the cemeteries.
The court ruled that the money should be managed by a trust to guarantee it is used for the intended maintenance.
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La compañía del cementerio pierde la batalla judicial para controlar 52 millones de dólares destinados al mantenimiento de los cementerios del Área de la Bahía.