United States Ninth Circuit

The appropriate remedy under California law for a breach of trust by a profit-making bank (a professional trustee) is a proportionate share of the profits the bank made with the misappropriated trust funds.

Appellate Information

• Argued 03/11/2002
• Decided 05/17/2002
• Published 05/17/2002

Judges

• Before:  REINHARDT, NOONAN and FERNANDEZ, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Jerome B. Falk, Jr., Therese M. Stewart, Noah B. Novogrodsky, Howard, Rice, Nemerovski, Canady, Falk & Rabkin, San Francisco, CA;  Gilmur R. Murray, Derek G. Howard,Marray & Howard, L.L.P., Oakland, CA;  Robert Mills, The Mills Firm, San Rafael, CA, for the plaintiff-appellant.


• For Appellees:
  
• Janice M. Fetsch, Associate General Counsel, Bank of America, Robert A. Rosenfeld, Matthew L Larrabee, David B. Goodwin, Kenneth L. Chernoff, Heller Ehrman White & McAuliffe, LLP, San Francisco, CA, for the defendants-appellees.