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Commercially Reasonable Banking

Provided expert report in connection with claims made by the receiver for a failed financial advisory group against a large multi-state bank for negligence, violation of account integrity, and conversion, by allowing an individual to improperly deposit of an official check purchased by an LLC (the financial advisory group) into an unrelated account of the individual at the same bank. Issues included industry standards of ordinary care, deposit account integrity, conversion, commercially reasonable standards on deposit account activity, teller operation standards, customary deposit relationship, identification of the customer, adherence to the bank’s own internal policies, and customary procedures for cancellation of an official check.