Waye v. Commonwealth Bank

MEMORANDUM

MeCLURE, District Judge.

BACKGROUND

Plaintiffs Robert D. Waye and B. Joan Waye d/b/a Medfax-Sentinel filed this action to recover for alleged improprieties of defendant Commonwealth Bank d/b/a Commonwealth Bancshares Corporation and Subsidiaries (Commonwealth or the bank) in the handling of a business checking account which plaintiffs maintained with the bank. Plaintiffs’ allegations arise out of the bank’s notification, in October, 1989, to federal authorities of suspected check kiting by plaintiff Barbara Joan Waye and the events which preceded and followed that notification.

Plaintif…