Bellflower AG Service, Inc. v. First National Bank & Trust Co.

Alan Schultze took his employer for $133,525.11 by conversion of company checks.

The court below found his endorsement of the checks was authorized.

We cannot agree that the evidence supports this finding.

We reverse and remand.

Bellflower Ag Service, Inc., commenced this action against First National Bank & Trust Company in Gibson City (bank) for the alleged conversion of certain bank checks belonging to the corporation. The complaint charged that the bank had paid checks written to the order of Bellflower Ag Service, Inc.,’ to Alan Schultze on unauthorized endorsements. The checks totaled…