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Banks & Banking – Joint Account –Right of Survivorship –Signature Card –Appeals –Interlocutory (access required)

By dmc-admin
Published: September 21,2009

Albert v. Cowart. (Lawyers Weekly No. 09-07-0868, 13 pp.) (Wanda G. Bryant, J.) Appealed from Henderson County Superior Court. (Mark E. Powell, J.) N.C. App. Holding: Where the decedent’s signature card said she elected that any joint accounts that she opened with the bank were to have the right of survivorship, the checking account that [...]


Banks & Banking – National Bank Act – Credit Card Debt – Civil Practice – Jurisdiction (access required)

By dmc-admin
Published: December 29,2008

Citibank, South Dakota, N.A. v. Bowen. (Lawyers Weekly No. 08-16-1415, 8 pp.) (Robert Hunter, J.) Appealed from Harnett County District Court. (Jacquelyn L. Lee, J.) N.C. App. Unpub. Holding: Even though the plaintiff-bank does not have a place of business in this state, nor is it registered with our Secretary of State, under the National [...]


Banks & Banking – Corporate Merger – Wachovia & Wells Fargo – Civil Practice – Preliminary Injunction – Share Exchange – Fiduciary Out – Redemption Tail (access required)

By dmc-admin
Published: December 15,2008

Ehrenhaus v. Baker. (Lawyers Weekly No. 08-15-1340, 33 pp.) (Albert Diaz, J.) N.C. Bus. Ct. Holding: With the U.S. government prepared to liquidate its assets, and with no more attractive offers, Wachovia’s board of directors did not breach its fiduciary duty to shareholders when it accepted a merger offer that granted Wells Fargo voting power [...]


Banks & Banking – Consumer Protection – FCRA – Auto Loan – Bank Accounting Errors (access required)

By dmc-admin
Published: May 26,2008

Saunders v. Branch Banking & Trust Co. of Va. (Lawyers Weekly No. 08-01-0612, 17 pp.) (Motz, J.) No. 07-1108, May 14, 2008; USDC at Richmond, Va. (Dohnal, J.) 4th Cir. Holding: A bank that admitted it made “accounting errors” in repeatedly telling a borrower he had a zero balance on an auto loan, and then [...]


Banks & Banking – Loan Fraud – Mortgage Securitization (access required)

By dmc-admin
Published: November 5,2007

FDIC v. Bakkebo. (Lawyers Weekly No. 07-01-1245, 18 pp.) (King, J.) No. 05-2175, Oct. 25, 2007; USDC at Bluefield, W.Va. (Faber, J.) 4th Cir. The Federal Deposit Insurance Corporation, as receiver for the First National Bank of Keystone, has its $161 million judgment affirmed against a defendant for fraud and conspiracy to commit fraud by [...]



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