Porter County Development Corp. v. Citibank (South Dakota), N.A.

On Petition To Transfer from the Indiana Court of Appeals, No. 64A03-0511-CV-559

An employee of Porter County Development Corporation (“PCDC”) owed debts on three personal credit card accounts held by Citibank (South Dakota), N.A. (“Citibank”). The employee allegedly misappropriated PCDC’s funds, deposited the funds into his personal checking account, and issued checks drawn on this account to pay down the balances of his Citibank credit card accounts. Citibank had no notice of the source of the funds.

PCDC filed three complaints against Citibank seeking return of the allegedly misappropriated…