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Not only is "she" no lady, but heroine Jerry (Ann Dvorak) doesn't even have a ladylike name. Jerry is an insurance investigator who moonlights as a jewel thief, making life difficult for professional diamond-swiper Carter (John Trent). It turns out that at least one of these two reprobates is actually working on the side of the law -- but which one? The story is played for laughs, perhaps because the producers realized that this confusing concoction would never be taken seriously. She's No Lady was produced independently by former studio executive B. P. Schulberg, and released by Schulberg's old studio Paramount.