AMERICAN FOUNDERS BANK v. MODEN INVESTMENTS

No. 2012-CA-001276-MR.

432 S.W.3d 715 (2014)

AMERICAN FOUNDERS BANK, INC., Appellant v. MODEN INVESTMENTS, LLC., Appellees.

Court of Appeals of Kentucky.

May 9, 2014.


Attorney(s) appearing for the Case

Douglas G. Sharp , Louisville, KY, for appellants.

James T. Gilbert , Richmond, KY, for appellee.

Before ACREE, Chief Judge; DIXON and LAMBERT, Judges.


OPINION

ACREE, Chief Judge:

American Founders Bank (AFB) appeals from a judgment of the Franklin Circuit Court, entered after a bench trial, in favor of Moden Investments, LLC. The judgment holds AFB liable for conversion losses under Kentucky Revised Statutes (KRS) 355.3-420 for having deposited into a third-party's account a cashier's check made payable to Moden bearing a forged endorsement. AFB seeks...

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