Mark D. Dean, P.S.C. v. Commonwealth Bank & Trust Co.

Opinion of the Court by Justice NOBLE.

The Appellant, Mark D. Dean, P.S.C, had an escrow account with the Appellee, Commonwealth Bank & Trust Company, and had authorized an employee to sign checks on the account by herself and had proclaimed to the bank that she was acting on the firm’s behalf. The employee then engaged in a fraudulent scheme by which she would write checks on the account and then deposit them in another of the firm’s accounts at another bank. More than three years after the last activity on the account, the firm filed Uniform Commercial Code and common-law claims against the…