Maryland Federal Court Decision On UCC Wrongful Dishonor Adds To The Split Case Law

LexisNexis (June 9, 2021, 9:49 AM EDT) -- A recent Maryland federal court decision interpreting the UCC’s provisions on wrongful dishonor recounts a whopper of a story. The facts read like a bad saga of alleged flip-flopped decisions by the drawee bank compounded by clerical mistakes. At times, the drawee bank even reverses its own reversals, at least as pled in the complaint. The opinion decides a motion to dismiss....