Camisha Simmons’ latest article titled “Bankruptcy Court Orders Bank to Disgorge Over $1.5 Million for Allowing Account Overdrafts” was published on Law.com
The article discusses a recent decision of the United States Bankruptcy Court for the Northern District of Iowa serves as a reminder that banks should proceed with caution when relaxing bank procedures to appease large account holders. In the bankruptcy case Sarachek v. Luana Savings Bank (In re Agriprocessors, Inc.), the court ordered a bank to disgorge over $1.5 million for...
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