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IN RE LOU LEVY & SONS FASHIONS, INC.

Nos. 660, 794, Dockets 92-7802, 92-7862.

988 F.2d 311 (1993)

In re LOU LEVY & SONS FASHIONS, INC., Litigation. LOU LEVY & SONS FASHIONS, INC.; Mod-Maid Imports, Inc.; Donnybrook Fashions, Ltd.; Karizma & Braefair, divisions of Braetan, Inc., Plaintiffs-Appellees-Cross-Appellants, v. Michelina J. ROMANO, and Lawrence Meltzer, Defendants, First Fidelity Bank, N.A. New Jersey, Defendant-Appellant-Cross-Appellee.

United States Court of Appeals, Second Circuit.

Decided March 5, 1993.

Attorney(s) appearing for the Case

William D. Wallach, Newark, NJ (Joseph Lubertazzi, Jr., McCarter & English, of counsel), for defendant-appellant-cross-appellee.

Donald L. Kreindler, New York City (S. Robert Schrager, David P. Lennon, Kreindler & Relkin, P.C., of counsel), for plaintiffs-appellees-cross-appellants.

Before: OAKES, MINER and McLAUGHLIN, Circuit Judges.

OAKES, Circuit Judge:

This appeal involves a bank's liability under the Uniform Commercial Code for accepting for deposit into a defalcating employee's personal accounts checks bearing forged endorsements drawn payable to the employer corporation. First Fidelity Bank, N.A. New Jersey ("Fidelity") appeals from a judgment of the district court for the Southern District of New York, Thomas P. Griesa, Judge, granting Lou...

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