Plot: Don Diego Vega returns to California to learn that his father is no longer the alcalde of Los Angeles having been forced out and replaced by the corrupt Don Luis Quintero and supported by his Captain of the Guard, Esteban Pasquale. Vega disdains interest in politics and the treatment of the local population. The people soon have their savior in the form of Zorro, the masked bandit who has sworn to protect them. He steals from the tax man and ensures that the money is returned to the poor peasant farmers. In the hopes of cementing his power - and unaware of his secret identity - Quintero arranges for his beautiful daughter Lolita to marry Don Diego but she resists the seemingly foppish young man. Her views change when she learns he is really Zorro. As tensions rise, Zorro will have to defeat Esteban Pasquale if justice and order is to be restored.
Alternative Plot: Tired of Governor Quintero's (J. Edward Bromberg) exploitation of poor Californians, Don Diego (Tyrone Power) decides to fight back and assumes the identity of Zorro. A masked hero with a sword, Zorro fights on behalf of the people against the corrupt Quintero and his wicked assistant, Captain Pasquale (Basil Rathbone). At the same time, Diego falls for Lolita (Linda Darnell), the governor's niece, and he pursues her while constantly battling to oust Quintero from power.
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