Bruce Marks speaks at RT’s Sanchez Effect in Moscow, Russia

American Perspectives on Global Affairs from Moscow In a recent episode of RT’s Sanchez Effect, host Rick Sanchez welcomed Bruce Marks, a former...

Bruce Marks speaks at ThoughtLeaders4’s Sovereign & States Litigation Summit USA

We’re pleased to announce that Bruce Marks, Founder and Managing Member of Marks & Sokolov, will be speaking at ThoughtLeaders4’s Sovereign...

Bruce Marks Speaks at the Pravo.RU Conference

On September 19, Bruce Marks, Founder and Managing Director of Marks & Sokolov, speaks at the session “Liability Under Control” during...

Sergei Sokolov speaks at the Forbes Federal Legal Forum 2025

On 18 September 2025, Forbes Russia will host the annual Federal Legal Forum in Moscow, a central event for the Russian legal community focusing on...

Marks & Sokolov Secures Another OFAC License for Release of Blocked Russian Client Funds

Marks & Sokolov is pleased to announce another success in our sanctions-related practice: we have obtained an OFAC license authorizing the...

​Updates on the recent Russian-related § 1782 applications – U.S. courts weigh discovery requests tied to sanctions, shareholder disputes, and asset battles.

Section 1782 of Title 28 of the U.S. Code allows parties to seek discovery in U.S. courts for use in foreign proceedings. In recent years, Russian...

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.