National bank—Negligence and fraud claims favorably resolved

Defended a national bank against claims for fraud, negligence, and violation of M.G.L. c. 93A centered on principles of agency and vicarious liability arising out of a sophisticated conspiracy to defraud various individuals. A bank employee and another individual were criminally indicted for fraudulently validating bogus bank accounts and letters of credit that they knew were being used to validate the creditworthiness of the entities perpetrating the fraud. Case was ultimately mediated to a successful conclusion.