Wallace v. National Bank of Commerce

OPINION

REID, Justice.

This case presents for review the decision of the Court of Appeals affirming the trial court’s award of summary judgment for the defendants. The trial court found that the record shows, as a matter of law, that the defendant banks did not breach the duty of good faith in imposing fees for returned checks drawn on accounts with insufficient funds. This Court concurs in the decision made by the trial court and the Court of Appeals.

The Case

Forty named plaintiffs filed suit against nine banks doing business in Shelby County asserting six separate causes of action, all based…