Where a company sued for violating a loan agreement argued the plaintiff failed to approve third-party financing options that would have allowed the loan to be repaid, but it failed to show that it would have been unreasonable or wrongful ...

Tagged with: 4th U.S. Circuit Court of Appeals Banking Judge Toby Heytens

Where a bank initially sent a homeowner a form showing that his debt had been cancelled, but then issued a corrected form, the homeowner’s breach of contract claim was dismissed because there was no offer, acceptance or consideration. Background In ...

Tagged with: Banking Judge Rossie D. Alston Jr. U.S. District Court - Eastern District

Where a customer agreed that any disputes with her bank would be litigated in the Eastern District of Virginia, her suit was transferred from Texas to the Alexandria Division. Although the customer claimed to not recall agreeing to the venue ...

Tagged with: Banking U.S. District Court - Eastern District

Where a customer alleged that his bank allowed unauthorized withdrawals from his checking account, his breach of fiduciary duty claim was dismissed. No fiduciary duty is created in an ordinary relationship between a bank and its customer, and there was ...

Tagged with: Banking Judge Thomas T. Cullen U.S. District Court - Western District

Where a company alleged a bank failed to properly process its application for a second-round loan pursuant to the government’s paycheck protection program, or PPP, resulting in the company not receiving “nearly $1 million in PPP money that would have ...

Tagged with: Banking Judge Norman K. Moon U.S. District Court - Western District

Where appellant had no vested interest in the timely payment or return of a check, she lacked standing to enforce a payor bank’s alleged violation of the UCC’s “midnight deadline” rule. Background Appellant Stahl was the niece of Ivory Markus. ...

Tagged with: Banking Justice Teresa M. Chafin Supreme Court of Virginia

Where the state of California sent $456 million to the bank of a company from which it ordered 100 million N95 masks, but the state reversed the transaction after learning the company was only recently formed and its owners were ...

Tagged with: Banking Judge Leonie M. Brinkema U.S. District Court - Eastern District

A suit alleging various claims arising out of a mortgage default and subsequent receipt of notice of foreclosure was dismissed because the various counts were not cognizable or supported by sufficient factual allegations. Background Dion Robinson sues Abby Moynihan, McCabe ...

Tagged with: Banking Judge John A. Gibney Jr. U.S. District Court - Eastern District

Where the plaintiffs alleged a bank violated § 1681s-2(a) of the Fair Credit Reporting Act by supplying information known to be incorrect to a credit reporting agency, the claim was dismissed because there is no private right of action under ...

Tagged with: Banking Judge Glen E. Conrad U.S. District Court - Western District

Where a dispute arose between the Elks Grand Lodge and a local lodge over $666,090 deposited with a bank, the funds were awarded to the national group after the local lodge failed to file an answer or respond to the ...

Tagged with: Banking Judge Elizabeth K. Dillon U.S. District Court - Western District