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Bank Negligence Dispute

Accumyn assisted a receiver for a failed financial advisory group by evaluating claims against a bank for negligence, violation of account integrity, and conversion, in which the bank improperly allowed a check purchased by the financial advisory group to be deposited into an unrelated account at the same bank. Accumyn examined standards of ordinary care, deposit account integrity, conversion, commercially reasonable standards on deposit account activity, adherence to the bank’s own internal policies, and customary procedures for cancellation of an official check.