First Investors Corp. v. Citizens Bank, Inc.

MEMORANDUM OF DECISION

WOODROW WILSON JONES, District Judge.

Plaintiffs, First Investors Corporation and Liberty Mutual Insurance Company, brought this civil diversity action against Defendants, Citizens Bank, Inc. and Union Bancshares, Inc., alleging negligence and conversion in order to recover the value of numerous checks that were allegedly converted by Defendants and paid to Dorcas Anne Brooks, an agent of Plaintiff First Investors, on Brooks’ fraudulent endorsements. Defendants have moved to dismiss for failure to state a claim upon which relief may be granted, Rule 12(b)(6), Federal…