Appeals Court Reverses Judgment Against Bank Based on Dishonored Check

Chaitman, Helen Davis
August 2011
Lender Liability Law Report;Aug2011, Vol. 25 Issue 8, p7
The article discusses a court case wherein judgment against a bank based on dishonored check was reversed by the U.S. Court of Appeal. In Wells Fargo Bank N.A. versus Financial Solutions Inc. (FSI), the bank was sued for its failure to explain a delay in forwarding a depositor's check to Bank One/J.P. Morgan Chase. Wells Fargo argued in its appeal that its mishandling of the check did not result to any damages to FSI. The court reviewed the California Uniform Commercial Code (UCC).


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