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Guaranty Trust Co. of New York v. York
Citation:
326 U.S. 99, 65 S.Ct. 1464, 89 L.Ed. 2079 (1945)
ProfessorTodd Berman
CaseCast™ – "What you need to know"
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Guaranty Trust Co. v. York
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Trust Co. (Defendant), as a trustee, cooperated in a plan for the purchase of notes at half face value. York (Plaintiff) sued Defendant for alleged breach of trust because Defendant failed to protect the interests of or properly inform the noteholders, as required of a trustee. Plaintiff brought the lawsuit in a federal court of equity through diversity jurisdiction after the state statute of limitations had passed.
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