Indemnity Insurance Company of North America v. Fulton National Bank

Ebhrharbt, Judge.

The plaintiff in these cases is the alleged assignee of Interstate Securities Corporation. The suit was brought on various checks which had been drawn by authorized persons but whose indorsements were forged. The checks were drawn during 1957 and 1958. On September 17, 1958, Interstate notified the defendant banks of “some irregularities” in connection with customer accounts, stating that the genuineness of indorsements on “various checks” had been questioned. On December 17, 1959, the banks were sent a detailed notice, including attached photocopies of the checks in…