8 Feb No Comments MikeT Checks Forged, Expert Matters

Negligence of the Bank in Reviewing Signatures on Checks Case

Facts: A dishonest employee of a law firm forged the signature of one of the partners on a series of checks drawn on the firm’s attorney trust account at a community bank located in Newark, New Jersey.

Subject of Expert Report: Whether or not the community bank acted in a commercially reasonable fashion by virtue of its selection of only checks of $5,000.00 or more for manual visual examination prior to payment.

Testified For: The community bank

Outcome: The case settled during the discovery period.