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LINES v. FALSTAFF BREWING CO.

No. 14821.

233 F.2d 927 (1956)

Kal W. LINES, Appellant, v. FALSTAFF BREWING CO. et al., Appellees.

United States Court of Appeals Ninth Circuit.

Rehearing Denied June 15, 1956.

Attorney(s) appearing for the Case

Max H. Margolis, San Francisco, Cal., for appellant.

Shapro & Rothschild, Arthur P. Shapro, San Francisco, Cal., for appellee.

Before POPE, LEMMON and CHAMBERS, Circuit Judges.

LEMMON, Circuit Judge.

In one of the finest passages in judicial literature, Chief Judge Cardozo of the New York Court of Appeals — later Associate Justice of the United States Supreme Court — laid down the high standards that should be demanded of a trustee:

"Many forms of conduct permissible in a workaday world for those acting at arm's length, are forbidden to those bound by fiduciary ties. A trustee is held to something stricter than the...

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