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ReAmerica, S.A. v. Wells Fargo Bank Int'l, No. 08-1927

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By FindLaw Staff on August 11, 2009 4:48 PM

In a dispute involving fraudulent wire transfers, district court grant of summary judgment for defendant is affirmed where: 1) plaintiff's action is governed by the Uniform Commercial Code and thus its claim that defendant wrongfully debited its account is time-barred by the UCC's one-year statute of repose; and 2) plaintiff's common law negligence claim is precluded by U.C.C. Article 4A.    

Read ReAmerica, S.A. v. Wells Fargo Bank Int'l, No. 08-1927

Appellate Information
Appeal from the United States District Court for the Southern District of New York.
Argued: May 6, 2009
Decided: August 11, 2009

Before WINTER and CABRANES, Circuit Judges.
Opinion by CABRANES, Circuit Judge

For Plaintiff: JOSEPH A. KILBOURN, Cone & Kilbourn, Mount Kisco, NY.

For Defendant: EDWARD L. POWERS, Bingham McCutchen LLP, New York, NY. 

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