National Accident Insurance Underwriters, Inc. v. Citibank, F.S.B.

ORDER

JOAN B. GOTTSCHALL, District Judge.

Plaintiff-intervenor American National Insurance Company (“ANICO”) sued Citibank, F.S.B. (“Citibank”) under the Illinois Uniform Commercial Code, 810 ILCS § 5/3-420 (1992) (“UCC 3-420”) for conversion of forty-four checks made payable to National Accident Insurance Underwriters, Inc. (“NAIU”) but which were intercepted and altered by NAIU employee Robert Carter. Citibank has moved for summary judgment. For the reasons stated below, Citibank’s motion for summary judgment is granted.

I. Background

NAIU is engaged in the business of insurance underwriting,…