Joseph v. Stone (In Re Stone)

How courts have described this case

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

• no cause of action found in debtor’s purported claim that investment would “double or triple in value” in the future
• falsity of statement not established when, at least for a while, investment increased in value as debtor claimed it would
• upon showing debtor was a trustee pursuant to statute, defalcation must have occurred while debtor acted as trustee and not while acting in ordinary commercial setting
• fiduciary relationship does not encompass ordinary commercial relationships such as principal/agent or creditor/debtor
• “[A] promise or representation of intention to act is insufficient [to make debt non-dischargeable].”
• fiduciary relationship does not encompass ordinary commercial relationships such as principal/agent or creditor/debtor

Source: CourtListener parenthetical corpus (CC0).