John Hancock Financial Services, Inc. v. Old Kent Bank

MEMORANDUM AND ORDER

COHN, District Judge.

I. Introduction

This is an action brought by a payee for conversion of personal checks. Plaintiff, John Hancock Financial Services, Inc. (John Hancock), claims that defendant, Old Kent Bank (Old Kent) converted checks on which John Hancock was the designated payee by paying the check proceeds to an unauthorized third party, defendant Patrick Sherman (Sherman). John Hancock’s claims are based on common law conversion, conversion under the Uniform Commercial Code (UCC), M.C.L.A. § 440.3420(1) and negligence.

Before the Court is John Hancock’s motion for…