A cohort of pilots is suing global services provider Sovereign Trust for more than $25m over its alleged mishandling of a fund set up to provide income protection. But the pilots claim this advice was shrugged off and they were repeatedly told the trust was financially sound. Four years later, Sovereign reportedly admitted there were difficulties and stopped contributions to the trust before selling the ordinary membership to a Lloyds-insured fund. Papers were filed in the Ordinary Division of the Royal Court in September 2021, and the hearing is due to start later this month, Guernsey Press reported. Sovereign Trust has said it will be defending the claims, and is challenging the allegations of breach of trust, claiming the pilots have run out of time due to the action not being brought within three years of any knowledge the pilots may have had of the alleged failures or breaches.