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BANK OF AMERICA CORP. v. GIBBONS

No. 0033, Sept. Term, 2006.

918 A.2d 565 (2007)

173 Md. App. 261

BANK OF AMERICA CORPORATION v. Lynne Margaret GIBBONS.

Court of Special Appeals of Maryland.

March 13, 2007.

Attorney(s) appearing for the Case

William M. Rudow (Brett R. Myerson, on brief), Baltimore, for appellant.

Katherine B. Eller (Thomas M. DiBiagio, on brief), Baltimore, for appellee.

Panel DAVIS, HOLLANDER, ADKINS, JJ.

Opinion by ADKINS, J.

Over a six year period, Thomas Patrick Gibbons, the husband of appellee Lynne Margaret Gibbons (Mrs. Gibbons), pocketed proceeds from unauthorized sales of securities owned by several customers of his employer, appellant Bank of America Corporation (the Bank). The value of these misappropriated stocks allegedly exceeds $1.5 million.

Thomas Gibbons deposited ill-gotten funds into an account at Provident Bank of Maryland, held in the name...

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