6th Circ. Junks $32M Suit Over Bank Customer's Fraud

Law360, New York (April 8, 2013, 5:11 PM EDT) -- The Sixth Circuit on Monday nixed a $32 million suit brought by fraud victims of a Huntington National Bank customer's scheme, finding that such victims cannot accuse banks of facilitating their customers' deceitful conduct unless they show the bank specifically knew of the fraud.

A three-judge panel affirmed a lower court's ruling tossing claims by computer equipment leasing companies El Camino Resources Ltd. and ePlus Group Inc. against Columbus, Ohio-based Huntington over a scheme by Cyberco Holdings Inc., a purported computer sales and consulting firm....
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