This film was a success at the box office, earning MGM a profit of $240,000 ($4.1M in 2017) according to studio records.
This was an adaptation of a Broadway play titled "White Collars" by Edith Ellis. The original stage production opened at the Cort Theatre in New York on Feb. 23, 1925 and ran for 104 performances. There was an earlier film adaptation called The Idle Rich (1929) starring Conrad Nagel, Bessie Love, Leila Hyams and Robert Ober.
In Sept. 1938, M-G-M distributed this film on a double bill with Three Loves Has Nancy (1938) starring Janet Gaynor, Robert Montgomery and Franchot Tone'. The tag line said "Comedy swings to a new high in these two romantic M-G-M hits!"
First American film for German director Reinhold Schünzel, brought to the United States six months previously by MGM studio boss Louis B. Mayer.
According to a contemporary article in The Hollywood Reporter, Franchot Tone was supposed to be the male lead, opposite Lana Turner.