Legal Opinion

Bader v. Central Fidelity Bank

Supreme Court of Virginia

Decided February 26, 1993No. Record 920511PublishedCited by 35 opinions

1Opinion of the CourtJustice Hassell

In this appeal, we consider what statute of limitations governs a cause of action for conversion against a bank that paid proceeds on checks containing forged endorsements.

This case was decided on a motion for summary judgment, and there are no disputes of material facts. In late 1986 or early 1987, Mary Eve Bader opened a financial account with the stockbrokerage firm of Legg, Mason, Wood, Walker, Inc. (Legg Mason). Legg Mason agreed to manage certain stocks or securities for her.

In November 1988, Robert Bader, Mrs. Bader’s husband, obtained three checks made by Legg Mason payable to Mrs.…

2Cases cited5 opinions

  1. Universal C. I. T. Credit Corp. v. KaplanSupreme Court of Virginia · 1956
  2. Pigott v. MoranSupreme Court of Virginia · 1986
  3. Vines v. BranchSupreme Court of Virginia · 1992
  4. Buckeye National Bank v. Huff & CookSupreme Court of Virginia · 1912
  5. J. F. Toner & Son, Inc. v. Staunton Production Credit Ass'nSupreme Court of Virginia · 1989

3Cited by35 opinions

  1. Simmons v. MillerSupreme Court of Virginia · 2001
  2. Al-Abood v. El-ShamariCourt of Appeals for the Fourth Circuit · 2000
  3. KMK Factoring, L.L.C. v. McKnew (In Re McKnew)United States Bankruptcy Court, E.D. Virginia · 2001
  4. Federal Deposit Insurance Corporation, in Its Corporate Capacity as an Instrumentality of the United States v. Charles P. Cocke, Federal Deposit Insurance Corporation, in Its Corporate Capacity as an Instrumentality of the United States v. Julius F. Fogel, Federal Deposit Insurance Corporation, in Its Corporate Capacity as an Instrumentality of the United States Receiver of McLean Savings and Loan Association v. Lloyd B. Ramsey Preston L. Walker Richard E. Blair John E. Harn, II Terry B. Light John E. Harrison Light & Harrison, Pc, and Thomas J. Leonard, III Frank M. Howard Julius F. FogelCourt of Appeals for the Fourth Circuit · 1993
  5. Hartzell Fan, Inc. v. Waco, Inc.Supreme Court of Virginia · 1998

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