Caplin v. Marine Midland Grace Trust Co., 406 U.S. 416 (1972)

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Author: U.S. Supreme Court

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Caplin v. Marine Midland Grace Trust Co., 406 U.S. 416 (1972)

Caplin v. Marine Midland Grace Trust Co. of New York


No. 70-220


Argued March 28, 1972
Decided May 22, 1972
406 U.S. 416

CERTIORARI TO THE UNITED STATES COURT OF APPEALS
FOR THE SECOND CIRCUIT

Syllabus

Petitioner, the trustee of Webb & Knapp, Inc., under Chapter X of the Bankruptcy Act, does not have standing to assert, on behalf of holder of debentures issued by Webb & Knapp, claims of misconduct by an indenture trustee. Pp. 417-435.

439 F.2d 118, affirmed.

MARSHALL, J., delivered the opinion of the Court, in which BURGER, C.J., and STEWART, POWELL, and REHNQUIST, JJ., joined. DOUGLAS, J., filed a dissenting opinion, in which BRENNAN, WHITE, and BLACKMUN, JJ., joined, post, p. 435.

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Chicago: U.S. Supreme Court, "Syllabus," Caplin v. Marine Midland Grace Trust Co., 406 U.S. 416 (1972) in 406 U.S. 416 Original Sources, accessed May 20, 2024, http://www.originalsources.com/Document.aspx?DocID=SDILGPEK8FMW9D7.

MLA: U.S. Supreme Court. "Syllabus." Caplin v. Marine Midland Grace Trust Co., 406 U.S. 416 (1972), in 406 U.S. 416, Original Sources. 20 May. 2024. http://www.originalsources.com/Document.aspx?DocID=SDILGPEK8FMW9D7.

Harvard: U.S. Supreme Court, 'Syllabus' in Caplin v. Marine Midland Grace Trust Co., 406 U.S. 416 (1972). cited in 1972, 406 U.S. 416. Original Sources, retrieved 20 May 2024, from http://www.originalsources.com/Document.aspx?DocID=SDILGPEK8FMW9D7.