Kotsias v. Continental Bank, NA

Plaintiff John Kotsias filed this action for monetary damages against Continental Bank, N.A. (Continental), alleging that it had wrongfully honored a forged letter of direction, purportedly authored by the then living settlor, George Korovinis, to remove plaintiff as the sole beneficiary of a Totten trust opened and maintained at defendant’s bank. Plaintiff’s amended complaint pursued theories of negligence, fraud, breach of contract and breach of various sections of the Uniform Commercial Code — Bank Deposits and Collections (the Code) (HI. Rev. Stat. 1989, ch. 26, par. 4 — 101 et seq.).

After…