Court Opinion

ID: 9651198
Source: CourtListenerOpinion
Date Created: 2023-08-23 16:10:01.032957+00
Date Added: 2024-06-11T18:12:30.857725
License: Public Domain

L. HAND, Circuit Judge
(dissenting).
I agree with all that my brothers say, and should agree in their result as well, except for a difference in the interpretation of § 158(4). As I read their opinion, they hold that, even though it can be made certain that Mr. Thralls will take part in no transactions in which he has “an interest materially adverse to the interests of any class of creditors,” and even though the judge is satisfied that, notwithstanding this limitation, his services as an “operating” trustee only, are desirable, he cannot be retained. I see no reason for overstraining the meaning of the words as it seems to me this reading does. Assuming that those transactions can be ascertained in which an “operating” trustee will have any adverse interest, and that he will withdraw from all such, the judge ought to be allowed in his discretion to decide whether he needs him in those transactions in which he can act. There is a good ground for distinguishing “operating” trustees in this respect from those having general control over the reorganization.