Transamerica Insurance v. United States National Bank

Plaintiff, 1 depositor, brought this action against defendant, drawee bank, to recover $385,839. Judgment was entered in favor of plaintiff on a jury’s verdict in the amount of $245,002.09. Defendant appeals and the plaintiff, being dissatisfied with the amount of the verdict, also appeals.

Plaintiff alleges that defendant "wrongfully” transferred funds from plaintiff’s trust account 2 to the personal accounts of two other depositors, one of whom was plaintiff’s dishonest employee, Smith, and permitted the two depositors, Smith and Coe, to withdraw those funds for their personal use.

Plaintiff…