Mills v. Bluestein

I cannot agree with the result about to be announced in this case. As Judge Lehman points out, the fact that the order of the court limited the City Chamberlain to an investment in a “ guaranteed mortgage or guaranteed mortgage certificate or other similar securities ” did not relieve him from liability for “ any dereliction of duty imposed by law in making such choice.” In any ordinary case, to comply with the duty imposed on him by law, the least that he could have done was to exercise kuch “ care and prudence which a reasonably prudent man would exercise in the management of his own…