Donald Wayne Dowling v. the State of Texas

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• trustee found negligent for allowing key employees to profit personally by trading in securities of the estate's subsidiaries
• a bankruptcy trustee may protect himself from personal liability by seeking instruction from the court
• reorganization trustee surcharged for profits made by employees whom he knowingly permitted to trade in securities of debtor’s subsidiary corporations
• “The most effective sanction for good administration [of a trust] is personal liability for the consequences of forbidden acts.... ”
• personal dealings in securities adverse to the interests of the debtor by employees of the trustee imposed liability on the employees, despite lack of evidence of any wrongdoing

Source: CourtListener parenthetical corpus (CC0).