Doctor writes checks payable to banks for TT&L payments. Accountant embezzles by placing the checks into his own accounts. Years later, the doctor realizes the taxes haven't been paid and sues her bank.
The U.S. Supreme Court held that a party resisting arbitration bears the burden of proof that Congress intended to preclude arbitration of statutory claims.
The 2nd Circuit Court of Appeals interpreted the "safe harbor" protection from liability for institutions filing an SAR and held there exists a broad and unambiguous provision for immunity from any law (except the federal Constitution) for any sta
The 6th Circuit Court of Appeals finds that an employer may be subject to vicarious liability for unauthorized access to a credit report by an employee.
Employee of bank customer embezzled over $100,000 by exchanging over a period of four and one-half years 93 company checks made payable to the bank for blank cashier's checks or money orders.
The 11th Circuit Court of Appeals in 1997 held that verbal instructions from government authorities, by themselves, are not enough to form a good faith basis to suspect a violation of a law or statute.
After developing a social relationship a bank employee, the customer opened a checking account at the bank.
Arkansas Supreme Court, 1996
(United States District Court for the District of Colombia)
The bank won this premises liability suit that stemmed from a deadly attack on a night deposit customer by escapees from a local jail.