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Court Awards Marks and Sokolov Client Over $1.7 Million in Suit Against Major US Bank

by | Nov 7, 2013 | Results

What the Case Involved:
Our clients sued Corestates Bank N.A.(now Wachovia) for breach of contract and negligence for losses suffered as a result of the Bank’s reckless honoring of over $11 million in checks which did not bear the requisite number of signatures (two) which permitted a dishonest employee to perpetuate a check kiting scheme on their business. The Bank had a policy of not honoring multiple signature requirements if they conflicted with information on the Bank’s computers. In this case, the two signature requirement was not followed.
Result:
The Court found that the Bank breached the implied covenant of good faith and fair dealing by paying 41 unauthorized checks and awarded our client over $1,700,000.

Суд присудил более $1,7млн. клиенту «Маркс и Соколов» в деле против крупного американского банка
Описание дела:

Наш клиент подал в суд на Corestates Bank N.A. (нынешний Wachovia) за разрыв контракта и невниманием к убыткам, понесенным в результате небрежного обращения Банка с чеками на сумму, превышающую $11 млн. На чеках отсутствовали необходимые номера подписей (два), что позволило одному из сотрудников подделывать чековые суммы. Согласно политике Банка, денежные суммы по чекам не выплачивались в случае расхождения информации с имеющейся в компьютерной базе Банка. В данном случае требования удовлетворены не были.

Итоги:

Суд постановил, что Банк нарушил свои обязательства и подорвал доверие клиентов, незаконно выплатив суммы по 41 чеку, и присудил нашему клиенту более $1,700,000.