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GUARANTY TRUST CO. v. YORK

No. 264.

326 U.S. 99 (1945)

GUARANTY TRUST CO. v. YORK.

Supreme Court of United States.

Decided June 18, 1945.

Attorney(s) appearing for the Case

Mr. John W. Davis, with whom Messrs. Theodore Kiendl, Ralph M. Carson and Francis W. Phillips were on the brief, for petitioner.

Mr. Meyer Abrams for respondent.

Briefs were filed by Solicitor General Fahy, Messrs. Roger S. Foster, Milton V. Freeman, David K. Kadane and Arnold R. Ginsburg on behalf of the Securities and Exchange Commission, and by Messrs. Carl J. Austrian and Saul J. Lance on behalf of J. Cloyd Kent et al., Trustees, as amici curiae, urging affirmance.

MR. JUSTICE FRANKFURTER delivered the opinion of the Court.

In Russell v. Todd, 309 U.S. 280, 294, we had "no occasion to consider the extent to which federal courts, in the exercise of the authority conferred upon them by Congress to administer equitable remedies, are bound to follow state statutes and decisions affecting those remedies." The question thus carefully left open...

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