EngineAir, Inc. and JMA Rail Products, Inc. v. Centra Credit Union

Kirsch, Judge.

[1] After Angela Kincaid ("Kincaid"), an employee working for both EngineAir, Inc. ("EngineAir") and JMA Rail Products, Inc. ("JMA"), was convicted of having embezzled more than $500,000 from the companies' bank accounts, the companies sued Kincaid's depositary bank, Centra Credit Union ("Centra Credit"). Citing to Indiana's version of the Uniform Commercial Code ("UCC" or "the Act") and common law negligence, the companies argued that Centra Credit "failed to act with ordinary care when it cashed over 105 fraudulent checks written by Kincaid on EngineAir's, JMA's, and other…