US SUPREME COURT DECISIONS
CAPLIN V. MARINE MIDLAND GRACE TRUST CO., 406 U. S. 416 (1972)
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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
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. 406 U. S. 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. 406 U. S. 435.
