Haddad's of Illinois, Inc. v. Credit Union 1 Credit Union

Plaintiff, Haddad’s of Illinois, Inc., filed a conversion action against defendant, Credit Union 1 Credit Union, alleging Raja Raychouni, an employee of plaintiff, forged endorsements on checks payable to plaintiff and defendant deposited them into the account Raychouni opened with defendant. Defendant filed a motion for summary judgment, alleging plaintiff’s cause of action was barred by the applicable statute of limitations and plaintiff did not have standing to sue defendant because it had no interest in the allegedly converted checks. The trial court granted defendant’s motion, finding…