Bernstein v. Kelso & Co.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Nardelli, J.
Almost 70 years ago, Chief Judge Cardozo of the Court of Appeals set forth a fiduciary standard in words that have resounded down through tbs decades: "Many forms of conduct *318permissible in a workaday world for tho*% acting at arm’s length, are forbidden to those bound by fiducia y ties. A trustee is held to something stricter than the mor?It the market place. Not honesty alone, but the punctilir,- ... nn honor the most sensitive, is then the standard of V» 'avior. As to tin? there has developed a tradition that is une nding and invetc ~- ate.” (Meinkard v…
2Cases cited17 opinions
- Meinhard v. SalmonNew York Court of Appeals · 1928
- Lama Holding Co. v. Smith Barney Inc.New York Court of Appeals · 1996
- New York University v. Continental InsuranceNew York Court of Appeals · 1995
- Walker v. SheldonNew York Court of Appeals · 1961
- Reno v. . BullNew York Court of Appeals · 1919
12 more not listed; retrieve them via the Exa API.
3Cited by44 opinions
- Kaufman v. CohenAppellate Division of the Supreme Court of the State of New York · 2003
- Caprer v. NussbaumAppellate Division of the Supreme Court of the State of New York · 2006
- GoSmile, Inc. v. LevineAppellate Division of the Supreme Court of the State of New York · 2010
- Grubin v. Rattet (In Re Food Management Group, LLC)United States Bankruptcy Court, S.D. New York · 2008
- Frank v. DaimlerChrysler Corp.Appellate Division of the Supreme Court of the State of New York · 2002
39 more not listed; retrieve them via the Exa API.