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RUDOLPH v. STEINHARDT

No. 82-5647.

721 F.2d 1324 (1983)

Milton RUDOLPH, et al., Plaintiffs-Appellees, v. Milton F. STEINHARDT, et al., Defendants-Appellants.

United States Court of Appeals, Eleventh Circuit.

Rehearing Denied February 3, 1984.

Attorney(s) appearing for the Case

Blackwell, Walker, Gray, Powers, Flick & Hoehl, Diane H. Tutt, James C. Blecke, Miami, Fla., for defendants-appellants.

Hyman & Kaplan, P.C., Michael L. Hyman, Miami, Fla., for plaintiffs-appellees.

Before GODBOLD, Chief Judge, ANDERSON, Circuit Judge, and GOLDBERG, Senior Circuit Judge.

GOLDBERG, Senior Circuit Judge:

In 1849, the cry of "Gold!" rang out from the banks of the American River in California. In 1933, the halls of Congress echoed with a ban on gold clauses in American contracts.1 Our case involves a modern prospector, panning for security in the rivulets of commerce. His tool is a lease provision that increases rent payments in proportion to official devaluations of the United States dollar. We hold that...

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