Phoenix Die Casting Co. v. Manufacturers & Traders Trust Co.

The principal action involves a claim by the plaintiff, Phoenix Die Casting Company, against defendant Manufacturers and Traders Trust Company, wherein the plaintiff alleges that during 1963 it maintained a checking account with the defendant bank and that on July 9, 1963 a check was drawn on plaintiff’s account at the defendant bank in the amount of $14,300 payable to the order of one William L. Braun. The complaint further alleges that the said check was indorsed by someone other than the payee and the amount of the check charged to plaintiff’s account by defendant, Manufacturers and…