United States Third Circuit

In an appeal from an order of the district court affirming the Bankruptcy Court's order dismissing an action against the former custodian for the shares owned by a minor, order is vacated where defendant-custodian breached his fiduciary duties when he secured and retained an amount in partial satisfaction of a judgment that he obtained against a family business of which he was a director and in which he and the minor-beneficiary were the shareholders of record.

Appellate Information

• Decided 12/30/2011
• Published 12/30/2011

Judges

• GREENBERG

Court

• United States Third Circuit

Counsel