NEWS & EVENTS

Michael Steinlage to present Bank Duties in the Face of Customer Fraud: Cautionary Tales/Lessons Learned from the Financial Crisis

05/06/2014

Financial services litigator Michael J. Steinlage will present Bank Duties in the Face of Customer Fraud: Cautionary Tales/Lessons Learned from the Financial Crisis at the USLAW Network’s Banking Law Seminar. In his presentation, Mike will review recent well-known cases by receivers against banks and lenders for failing to detect and prevent large scale fraud perpetrated through customer accounts, and will examine the difference between banks found responsible for aiding and abetting fraud and those that avoided liability. Cases discussed will include JP Morgan’s recent $2.6 billion settlement of charges that it failed to police the activities of Bernie Madoff (WSJ 1/8/14) and actions linked to the Tom Petters and Trevor Cook Ponzi-schemes in Minnesota, including the case of Zayed v. Associated Bank currently on appeal to the Eighth Circuit (USCA 13-3388).

The USLAW Network’s Banking Law Seminar is designed for bank officers and their counsel working in corporate mergers and acquisitions, real estate lending, workouts, regulatory compliance or creditor's rights. Full seminar details can be found here.

<< Back to News