BANK NEGLIGENCE EXPERT WITNESS CASE STUDIES

Banking Expert Discusses Letter Of Credit Transactions In Loan Servicing Case BANK NEGLIGENCE Expert Case

…  of Appeals Jurisdiction: Federal Case Name: First Tenn. Bank Nat’l Ass’n V. Barreto Citation: 268 F.3d 319 Facts The Small …  that guaranteed certain loans made by First Tennessee Bank to small businesses. Among other requirements, the agreement obligated …

Commercial Bank Allegedly Violates Bond Redemption Regulations BANK NEGLIGENCE Expert Case

…  US savings bonds worth $500,000 that were cashed at a bank in California without the knowledge or consent of the bond owner. The bank claimed that the owner of the bonds gave verbal permission for a coworker …

Bank Found Negligent In Instituting Anti Money Laundering Policies BANK NEGLIGENCE Expert Case

…  case involves a bank in Chicago that served as a trustee to a large insurance company. The …  contained eligible securities valued at $15 million. The bank subsequently allowed a third-party to deposit ineligible securities into …  third party was an investment adviser who worked with the bank to create the ineligible securities that were later deemed worthless. The …

Expert Discusses Allegedly Fraudulent Bank Transfer BANK NEGLIGENCE Expert Case

Expert Discusses Allegedly Fraudulent Bank Transfer

…  means that should have raised red-flags at the bank that authorized the transfer. It was alleged that the adviser associated with the business account at the bank should not have allowed the transfer to go …

Trust Compliance Expert Discusses Bank’s Liability In Investment Scam BANK NEGLIGENCE Expert Case

…  case is a class action suit against a bank that allegedly aided an investment scam. An investment firm ran …  retirement funds supported through this firm. An expert in banking with experience in trust compliance was sought to speak to the responsibility of banks to monitor and notify clients of potential …

Trustee of $15 Million Estate Treats it as His Own BANK NEGLIGENCE Expert Case

Trustee of $15 Million Estate Treats it as His Own

This case takes place in Kentucky and involves a $15 million estate left by a father to his daughter. After receiving the estate, the daughter was severely injured in a car accident which left her brain damaged. For many years after her accident, her uncle …

Construction Loan Marred by Potential Conflicts of Interest BANK NEGLIGENCE Expert Case

Construction Loan Marred by Potential Conflicts of Interest

…  business owners that believe they were defrauded by a bank that lent them money through Payday Loan Credits and an agent that was acting in the bank‘s interests. The plaintiffs are owners of a restaurant that formed an LLC. …