Mitchell C. Motu Obtains A Defense Verdict In Binding Arbitration For US Bank

Facts: Plaintiff attempted to cash a post-dated check from her father, who since the time of writing the check had tragically passed away. US Bank requested documentation supporting Plaintiff’s beneficiary status to her father’s estate. Plaintiff alleged that this request was pretextual and that US Bank negligently withheld her funds.

Strategy: Methodically lay out the proper processes and banking regulations that dictate customer transactions involving an estate. Additionally, provide contemporaneous documents to the Arbitrator showing that none of US Bank’s actions were motivated by racial animus.

Outcome: The Arbitrator ultimately found entirely in US Bank’s favor, ruling that US Bank was not negligent and was justified in requiring beneficiary documentation before releasing funds of the estate.