This follow-up to MGM's 1932 John Barrymore vehicle Arsene Lupin stars the ineluctable Melvyn Douglas. Reported to be dead, suave gentleman jewel thief Arsene Lupin (Douglas) resurfaces under the assumed name of Rene Farrand. Intending to follow the straight and narrow path, Lupin/Farrand reverts to his old larcenous ways when the opportunity to pilfer $250,000 in gems presents itself. Slowing down our hero somewhat is the presence of hotshot American private eye Steve Emerson (Warren William) and glamorous adventuress Lorraine de Grissac (Virginia Bruce). Ironically, both Melvyn Douglas and Warren William also played thief-turned-sleuth Michael Lanyard, aka "The Lone Wolf", over at Columbia.