Bank Seeks Dismissal of Lawsuit Involving $4.5 Million Fraudulent Wire Transfer



DOCUMENTS
  • Motion


ORLANDO, Fla. — Truist Bank has asked a Florida federal judge to dismiss an action accusing it of negligently allowing $4.5 million in reinsurance proceeds to be fraudulently transferred to a scammer, arguing that the reinsurer, as the originator of the payment order, has no direct cause of action against the bank.

In a May 28 motion filed before Judge Anne Conway of the U.S. District Court for the Middle District of Florida, Truist argues that Article 4A of the Uniform Commercial Code does not provide the originator of a payment order with a direct cause of action against a …

FIRM NAMES
  • Burr & Forman LLP
  • Cozen O'Connor





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