Trostel v. American Life & Casualty Insurance

This case, now before us for the third time, involves an anti-inflationary gold clause in a lease for commercial property in, downtown Des Moines. The lease was originally entered into in 1917, and the significance of its gold clause has been impacted over the years by changes in federal policy and statutory law. See Trostel v. American Life & Cas. Ins. Co., 92 F.3d 736 (8th Cir.1996) (Trostel I), vacated, — U.S.-, 117 S.Ct. 939, 136 L.Ed.2d 829 (1997); Trostel v. American Life & Cas. Ins. Co., 133 F.3d 679 (8th Cir.) (Trostel II) (reinstating Trostel I), cert. denied, — U.S. -, 118 S.Ct.…