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MATCO TOOLS CORP. v. PONTIAC STATE BANK

No. 84-CV-2972-DT.

614 F.Supp. 1059 (1985)

MATCO TOOLS CORPORATION, Plaintiff, v. PONTIAC STATE BANK, David Cox, Clotilde Cox, The Travelers Indemnity Co. and Connecticut Bank & Trust, Defendants.

United States District Court, E.D. Michigan, S.D.

August 1, 1985.

Attorney(s) appearing for the Case

John R. Mann, III, of Fildew, Hinks, Gilbridge, Miller & Todd, Detroit, Mich., for plaintiff.

Rockwood W. Bullard, Lyon, Colbert & Bullard, Rochester, Mich., for defendants David & Clotilde Cox.

Daniel J. Bernard of Booth, Patterson, Lee, Karlstrom & Steckling, Pontiac, Mich., for Connecticut Bank and Pontiac State Bank.

MEMORANDUM OPINION

RALPH M. FREEMAN, Senior District Judge.

Matco Tools Corporation has brought this action against several defendants on various theories. In the portion of the lawsuit presently before the court, Matco, as the named payee on a negotiable instrument, seeks to recover the value of the instrument from Pontiac State Bank, as depository bank, under warranty and conversion theories, for accepting the instrument for deposit over an allegedly forged...

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