The bank turned to us to protect it from becoming the “deep pocket” for the failed company. We argued that the restaurant chain's claim that the bank had breached fiduciary duties and acted in bad faith were unsupported by the evidence, and our client's request for summary judgment was granted by the U.S. District Court and upheld by the Eighth Circuit Court of Appeals.
Major bank protected from becoming “deep pocket” for insolvent payment processor
A restaurant chain sued our client, a major national bank, when the chain's payment processor for utility bills became insolvent.