Wachovia Bank has been named a defendant in a potential class-action lawsuit that charges that the bank acted in its own self-interest without regard to its responsibilities to the sole beneficiary of two discretionary trust accounts originally created in 1990 for a boy who had been shot and crippled and relied on those trust assets to cover future medical and educational expenses.

Those accounts, originally funded with $81,700, the lawsuit alleges, had been converted from trust accounts and then invested for years in various Evergreen Funds, the bank's proprietary line of mutual funds, which charged high fees, despite the availability of lower cost, better performing non-proprietary mutual funds.

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