Hartig v. Brooklands, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding actual knowledge where bank employees themselves allegedly participated in the fraudulent money laundering scheme by preparing improper accounting records with knowledge of the immediate managers
• finding actual knowledge where bank employees themselves allegedly participated in the fraudulent money laundering scheme by preparing improper accounting records with knowledge of the immediate managers
• bank acts dishonestly where it has actual knowledge of facts and circumstances that amount to bad faith, thus itself becoming a participant in a fraudulent scheme
• “Section 1-103 intended the common law to supplement, not contradict, the other provisions of the UCC.”
• “UCC 3-405(l)(c) cannot be circumvented by claims for conversion and money had and received”
• A “lapse of [a bank’s] wary vigilance ... or even suspicious circumstances which might well have induced a prudent banker to investigate” are “insufficient to state a cause of action against a depositary bank.”

Source: CourtListener parenthetical corpus (CC0).