Panel Reinstates UCL Claim Against Bank For Depositing $157K In Stolen Checks

Mealey's (June 11, 2021, 2:13 PM EDT) -- SAN DIEGO — A California appellate panel on June 9 reversed a trial court’s grant of summary judgment in favor of a bank on a towing company’s claims for conversion and violation of California’s unfair competition law (UCL) for the loss of nearly $157,000 in checks that an employee deposited into his personal account at the bank, which he endorsed with his own initials....

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