FID. & DEPOSIT v. MFRS. TRUST CO.


63 Misc.2d 960 (1970)

Fidelity and Deposit Company of Maryland, Plaintiff, v. Manufacturers Hanover Trust Company et al., Defendants.

Civil Court of the City of New York, Trial Term, New York County.

July 9, 1970


Attorney(s) appearing for the Case

Hendler & Murray (Arthur Lambert of counsel), for plaintiff. Simpson Thacher & Bartlett (John J. Tigue, Jr., of counsel), for Manufacturers Hanover Trust Company, defendant. Shearman & Sterling (Matthew Gruskin of counsel), for First National City Bank, defendant.


IRVING YOUNGER, J.

Loretta Waite ("Loretta") had a savings account at the Fourth Federal Savings and Loan Association of New York ("Federal"), where, on February 17, 1969, somebody appeared and presented a withdrawal order for $2,000. The signature on the order looked like the signature on Loretta's account card. Federal honored the order. It drew a check on its bank, Manufacturers Hanover Trust Company ("Manufacturers...

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