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AUTO-OWNERS INS. CO. v. BANK ONE

No. 49A04-0701-CV-27.

879 N.E.2d 1086 (2008)

AUTO-OWNERS INSURANCE COMPANY, Appellant (Plaintiff below), v. BANK ONE, Bank One Indiana Corp., Bank One, N.A., Banc One, Indiana, N.A., and Bank One, Inc., Appellees (Defendants below).

Supreme Court of Indiana.

February 5, 2008.

Attorney(s) appearing for the Case

Bruce N. Elliott, Ann Arbor, MI, Thomas R. Haley III, Carmel, IN, Attorneys for Appellant.

Jeffrey C. McDermott, Marc T. Quigley, Indianapolis, IN, Attorneys for Appellees.

On Petition to Transfer from the Indiana Court of Appeals, No. 49A04-0511-CV-647

SULLIVAN, Justice.

Kenneth B. Wulf stole more than $500,000 from his employer, Auto-Owners Insurance Company, by depositing checks payable to Auto-Owners into a personal account he opened at Bank One in the name of "Auto-Owners, Kenneth B. Wulf." Auto-Owners contends that Bank One violated § 405 of the Indiana Uniform Commercial Code by not exercising ordinary care when...

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