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NATIONSBANK, N.A. v. DILLING

No. 95-0605.

922 S.W.2d 950 (1996)

NATIONSBANK, N.A. f/k/a NCNB National Bank, Petitioner, v. Harry DILLING, Respondent.

Supreme Court of Texas.

May 10, 1996.

Attorney(s) appearing for the Case

Carlyle H. Chapman, Jr., John H. McElhaney, Julia A. Simon, Dallas, for Petitioner.

Samuel M. Stricklin, George H. Tarpley, Robert J. Taylor, Dallas, for Respondent.

PER CURIAM.

We must determine whether a bank is vicariously liable for the fraudulent acts of a bank teller whose participation in an investment scheme caused damages to a third party. We also must decide whether the bank is directly liable to the third party for negligently employing the teller, who improperly issued cashier's checks that the bank honored. We hold that vicarious liability does not attach to an employer...

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