Wells Fargo Had No Duty To Spot Fake Check, Judge Says

By Matthew Santoni (July 19, 2022, 6:11 PM EDT) — A Pennsylvania law firm that got scammed with a fake $200,000 check can’t bring breach-of-contract claims against Wells Fargo Bank NA, since the bank had followed its written contracts and didn’t have an implied guarantee to catch such scams, a Pennsylvania federal judge ruled Tuesday.

U.S. District Judge Gerald McHugh said it was unfortunate that Perlberger Law Associates PC of Bala Cynwyd, Pennsylvania, had been tricked into wiring money to a purported client based off a check that turned out to be fraudulent, but Wells Fargo had followed its account agreements and the wire transfer agreements, which superseded any claimed implied…

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